Kazakhstan Industry August 2020

Kazakhstan

Kazakhstan: Decline in industrial output softens in August

September 15, 2020

Industrial output dropped 5.6% compared to the same month of the previous year in August, falling at a less pronounced rate than July’s 9.6% plunge.

August’s weaker decline was largely driven by a softer drop in mining and quarrying output and a rebound in manufacturing production. That said, the electricity, gas and steam supply sector swung to contraction.

Meanwhile, the trend continued to deteriorate, with annual average industrial production growth falling to 2.0% in August (July: +3.0%).

FocusEconomics panelists expect industrial production to contract 1.3% in 2020, which is up 0.8 percentage points from last month’s forecast. In 2021 they see it expanding 3.6%.


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Kazakhstan Industry August 20 20

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


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