Kazakhstan Industry July 2020

Kazakhstan

Kazakhstan: Industrial activity contracts at record pace in July

August 15, 2020

Industrial output sank 9.6% compared to the same month of the previous year in July, which followed June's 5.6% decrease. July's figure marked the worst reading on record.

The notable weakening was largely driven by a deterioration in manufacturing production. In addition, mining and quarrying production fell.

Meanwhile, annual average industrial production growth fell to 3.0% in July (June: +4.1%), signaling a worsening trend in the industrial sector.

FocusEconomics panelists expect industrial production to contract 2.1% in 2020, which is down 0.7 percentage points from last month’s forecast. In 2021 they see it expanding 3.2%.


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Kazakhstan Industry July 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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