How much Ukraine has lost and when the crisis is over: the economic results of the semester

The basis of the Ukrainian economy – trade – for the first six months showed an increase

The current coronaries-scale destructive effect on the economy compared to the great depression. The Minister of Finance , Sergei Marchenko said that Ukraine is already out of the crisis. But experts, not knowing how can last pandemic, and gave vague predictions about, how long the problem greatly affected the welfare of the people etc. Now there are first results: ended the half, began to appear in the statistics, and the situation can be predicted more accurately. Published such data and Ukrstat. Overall, the picture is not entirely clear.

For six months the water transport carried zero passengers

According to the state statistics service, industrial production in the first half decreased by 8.3% compared to the same period last year. Most affected the production of investment goods (those produced at the expense of investment). It was released only 75,6% from 2019. Also significantly reduced the production of consumer durable goods (furniture, appliances, etc.) – 14.6%. But the goods short-term use (including foodstuffs) – only 2%.

Speaking of individual industries, the most affected of the processing industry to minus 9.6 percent from the level of the first half of 2019. In particular, the production of vehicles decreased to 69,2%, electronics – to 74.3%. The mining industry declined by 6.3%, including coal – 24%, extraction of metal ores – 5,9%.

One of the most affected industries was the transport. In January-June 2020 freight transport decreased by 20% compared to the first half of 2019, and passenger transportation by half. State statistics service has estimated that the passenger transport services for the six months of this year were used by 44% of Ukrainians less than in 2019. In particular, absolutely did not work, water transport (0%), air worked only one-third from last year (33%). But the busiest was the trams – 64.2% from the same period of 2019.

The construction, which in any country is considered one of the engines of the economy, Ukraine also fell. The volume of construction works in the first half decreased by 7.1%, compared to the same period last year. At the same time most stalled construction of residential buildings is performed only 81,7% of the work volume of the first half of 2019.