Kazakhstan: Industrial output growth wanes in October
Industrial output increased 7.4% in year-on-year terms in October, which was a deterioration from September’s 9.4% increase. The weakening was broad-based: manufacturing and mining output grew less, while the energy and water supply sectors contracted. Meanwhile, annual average industrial production growth rose to 3.8% in October (September: +2.8%), signaling an improving trend in the industrial sector.