Kazakhstan Industry April 2017

Kazakhstan

Kazakhstan: Growth in industrial production continues to accelerate in April

May 12, 2017

Kazakhstan’s industrial production increased 10.9% in April, which was up from March’s 8.3% expansion. Data suggests industry output is continuing its recovery from a poor 2016 and April’s figure represented the strongest expansion since November 2010.

The increase was driven by a strong performance in the mining sector, which expanded a healthy 14.4%. Growth in production output in manufacturing and in electricity, gas and air conditioning picked up the pace slightly compared to last month.

The annual average variation in industrial production increased from 0.5% in March to 1.6% in April, the highest level in three years.

Industrial production is continuing to recover. Analysts surveyed by FocusEconomics this month expect that industrial production will expand 2.6% in 2017, which is up 0.2 percentage points from last month’s survey. For 2018, the panel expects that industrial production will expand 2.9% unchanged.


Author:, Economist

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Kazakhstan Industry April 2017 2

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


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