KIEV, March 17 – Total industrial output in Ukraine in January-February shrank by 32.8% year-on-year, said Valeriy Lytvytsky, the head of the National Bank of Ukraine's group of advisors to the chairman.

"The recession is continuing, but it is not deepening. Industrial output fell 34.1% in January and 32.8% in January-February," he told Interfax-Ukraine on Monday.