The Atyrau bridge in Kazakhstan

Kazakhstan Industrial production May 2023

Kazakhstan: Industrial output contracts at sharpest rate since December 2022 in May

Industrial production slid 1.9% year on year in May (April: +5.7% yoy). May’s outturn marked the worst reading since December 2022. The figure was partly driven by a deterioration in manufacturing production, which recorded the weakest reading since December 2022. In addition, mining and quarrying output weakened.

Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 0.1% in May, down from April’s 0.5%.

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