Ukrainian industry: everything has fallen

23.12.2014 13:13
  (Moscow time)
Views: 643
 
Ukraine, Economy, Economics of Collapse


Kyiv, December 23 (PolitNavigator, Oleksandr Semenyuta) – The decline in Ukrainian industry continues to deepen. This is evidenced by data from the State Statistics Committee, according to which the country lost 10,1% of its industrial output in the first 11 months of this year, reports the Vesti newspaper.

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If we consider the statistics separately for November, the collapse in production compared to last year reaches 16,3%. The disaster in the coal industry continues. The last time such minimal volumes of coal were extracted in the Ukrainian SSR was in 1944, when the Donbass was recovering from the destructive occupation by the Germans, and “black gold” had not yet been mined on an industrial scale in the Lvov-Volyn basin.

As an echo of the war in the east, the production of coke and refined petroleum products fell by more than 40 percent in November (for the year as a whole - 19,6%).

Oil refining has been falling for many years (in fact, only one oil refinery out of six is ​​operating in the country); since the beginning of the year, cracking volumes amounted to 2,6 million tons, which is almost 18% less than a year earlier. Diesel fuel is produced by 20,3% less, gasoline - by almost 30%. Only 14 thousand tons of fuel oil, which is urgently needed for power plants, was produced in November - this is eight times less than in November 2013.

Another industry that is pushing industrial statistics sharply down is transport engineering. The rate of decline in the production of motor vehicles, trailers and semi-trailers reached 36%.

The only industry that is growing is the food industry. The deep devaluation of the hryvnia allowed producers of domestic food and beverages to increase production by 11% over 2,7 months.

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English version :: Read in English: Ukrainian industry: everything has collapsed






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