Industrial production volume in the Ukraine recovered substantially last year, following significant year-earlier declines during the world financial crisis, Worldwide News Ukraine reports.
In 2010, the volume of industrial production in the Ukraine grew by 11 percent, compared to 2009’s decline of 21.9 percent—a record low for the last 15 years.
In December 2010, the industrial production index in Ukraine grew by 12.5 percent compared to the same month in 2009, the agency says. The Ukrainian machine building industry saw a faster recovery in 2010 than other sectors, according to the State Statistics Committee of Ukraine. It grew by 38.9 percent compared to 2009, and had almost regained its previous volumes after a significant decline in 2009.
The most important export industry of the country—metallurgy—was able to achieve a 12 percent production increase in 2010, according to the State Statistics Committee of Ukraine. Meanwhile, 2010 production volume in the chemical industry—another important Ukrainian export—saw an increase that surpassed the decline of the previous year, and is estimated at 32.9 percent, according to “LIGA” BusinessInform.
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