Kazakhstan Industry December 2020

Kazakhstan

Kazakhstan: Industrial output expands at fastest pace since May in December

January 12, 2021

Industrial production expanded 0.3% year-on-year in December (November: -2.9% yoy). The reading marked the best result since May. The notable turnaround was primarily due to an improvement in manufacturing and electricity, water and gas production. However, mining activity remained muted amid the OPEC+ production cuts.

Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.7% in December, down from November's minus 0.2% reading.

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 3.9%.


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Kazakhstan Industry December 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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