Ukraine’s Industrial Output Plunged in April
By Laura Mills
KYIV, Ukraine–Ukraine’s industrial output fell by almost a quarter in April from a year earlier, the country’s state
statistics agency said Monday.
Industrial output dropped by 21.7%. The data excluded parts of the country’s east controlled by Russia-backed
separatists. The parts of those regions still under Ukrainian control were the worst hit: Output in the Donetsk region
fell 49.5% year-on-year, and in Luhansk by 89%.
Ukraine’s economy contracted by 17.6% in the first quarter compared with last year. Battles between rebels and
Ukrainian forces continue to simmer in the east, and almost a year of fighting has disrupted many transportation routes
even in those parts of the region still controlled by Ukraine’s government.
(END) Dow Jones Newswires 05-18-151449ET Copyright (c) 2015 Dow Jones Company, Inc.