Kazakhstan Industry July 2022

Kazakhstan

Kazakhstan: Industrial activity tumbles to 18-month low in July

August 15, 2022

Industrial output fell 2.4% year on year in July (June: -1.3% yoy). The result marked the worst reading since January 2021. The weakening was partly driven by a contraction in manufacturing output. Meanwhile, mining and quarrying production continued to shrink albeit at a more moderate rate.

Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 3.7%, down from June's 4.6% reading.

FocusEconomics panelists project industrial production to grow 3.8% in 2022, which is unchanged from last month’s forecast. In 2023, they see it expanding 4.5%.


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Kazakhstan Industry July 2022

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


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