Kazakhstan Industry November 2020

Kazakhstan

Kazakhstan: Decline in industrial activity moderates in November

December 11, 2020

Industrial output decreased 2.9% in November (October: -6.2% yoy). The reading marked the best result since May. November's smaller contraction came on the back of improvements in manufacturing, which grew at a faster pace, and mining and quarrying production, which fell at a much softer rate. However, electricity production deteriorated, falling at a faster pace.

Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.2% in November, contrasting October's plus 0.4% reading.

FocusEconomics panelists project industrial production to grow 2.9% in 2021, which is down 0.2 percentage points from last month’s forecast. In 2022, they see it expanding 4.0%.


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Kazakhstan Industry November 20 20 0

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Republic of Kazakhstan Agency of Statistics.


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