Kazakhstan Industry January 2021

Kazakhstan

Kazakhstan: Industrial activity deteriorates in January

February 12, 2021

Industrial output dropped 4.1% in January in annual terms (December: +0.3% yoy). The figure was partly driven by a deterioration in manufacturing production. In addition, mining and quarrying production fell markedly, amid the OPEC+ production cuts.

Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.4%, down from December's minus 0.7%.

FocusEconomics panelists project industrial production to grow 3.1% in 2021, which is unchanged from last month’s forecast. In 2022, they see it expanding 3.8%.


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Kazakhstan Industry January 2021

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


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