The industrial production index in Ukraine for January 2025 dropped by 4.8% compared to January 2024. Compared to the previous month, the indicator decreased by 11.1%.
This is according to data from the State Statistics Service.
Over the month, production in metallurgy and the output of finished metal products increased by 15.7% year-on-year, but fell by 6.8% month-on-month. In the extraction of metal ores, the increase was 2% year-on-year and 0.9% month-on-month.
Overall, in the mining and processing industries, the indicator decreased by 3.5% year-on-year and 12.9% month-on-month, with the mining industry and quarrying down by 0.8% year-on-year and 1.3% month-on-month, and the processing industry down by 4.8% year-on-year and 17.7% month-on-month.
The supply of electricity, gas, steam, and conditioned air in January 2025 decreased by 11% year-on-year and 0.1% month-on-month. Electricity production decreased by 13.3% year-on-year but increased by 1.6% month-on-month, while distribution fell by 8.8% year-on-year and 0.1% month-on-month.
Industrial production growth in Ukraine slowed down to 3.6% year-on-year for 2024, compared to a 6.8% year-on-year increase in 2023. The decline in production growth last year was influenced by the following factors:
- Disruptions in energy supply due to missile strikes on energy infrastructure during spring and summer 2023;
- Increased production costs due to rising energy prices and the devaluation of the hryvnia;
- Labor shortages.
Last year, the output of products in the sectors of metal ore extraction and metallurgy grew by 23% year-on-year and 19% year-on-year, respectively. Among other industries, the highest industrial production growth was seen in the food industry (6.2%) and the production of building materials (4.2%).
