Industrial production in Ukraine in January 2017 compared to the same month of the previous year increased by 5.6% compared to 4.5% in December, 3.7% in November and 0.8% in October, the State Statistics Service has reported.

According to a new formula of data provision, the agency said that adjusted for the effect of calendar days industrial production in January 2017 compared to January 2016 increased by 5.2%, which is also 4.8% more than in December, 2.3% than in November and 1.6% in October.

The service said in relation to the previous month industrial production in January this year fell by 17.5%, and taking into account the seasonal factor by 1.5%.

As reported, industrial production in Ukraine in 2016 grew by 2.4% after a decline lasting four years: the figure fell by 13% in 2015, by 10.1% in 2014, by 4.3% in 2013, and by 0.7% in 2012.