Kazakhstan Industry June 2020

Kazakhstan

Kazakhstan: Industrial output drops at sharpest rate since August 2016 in June

July 17, 2020

Industrial production collapsed 5.6% year-on-year in June (May: +0.5% yoy). June's reading marked the worst reading since August 2016.

The result largely reflected a weaker mining industry. In addition, electricity, water and gas production lost pace. Accordingly, annual average industrial production growth fell to 4.1% in June (May: +5.0%), signaling a worsening trend in the industrial sector.

FocusEconomics panelists project industrial production to shrink 1.4% in 2020, which is up 0.9 percentage points from last month’s forecast. In 2021, they see it expanding 3.2%.


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Kazakhstan Industry June 20 20 1

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


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