Industrial production in Ukraine decreased 0.9 percent year-on-year in November of 2018, down from a 1.4 percent rise in the previous month and against market expectations of a 0.8 percent gain. Output fell for manufacturing (-2.5 percent from 1 percent in October). In addition, production increased at a softer pace for mining & quarrying (1.1 percent from 5.2 percent) while it rebounded for electricity, gas, steam and air conditioning supply (2.8 percent from -3.6 percent). On a seasonally adjusted monthly basis, industrial output went down 2.1 percent, after a 10 percent jump in October. Industrial Production in Ukraine averaged -1.24 percent from 2000 until 2018, reaching an all time high of 17.60 percent in April of 2010 and a record low of -33.80 percent in January of 2009.
Industrial Production in Ukraine is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Ukraine to stand at 1.90 in 12 months time. In the long-term, the Ukraine Industrial Production is projected to trend around 2.20 percent in 2020, according to our econometric models.