Kazakhstan Industry October 2020

Kazakhstan

Kazakhstan: Industrial output falls at sharper pace in October

November 17, 2020

Industrial output nosedived 6.2% year-on-year in October (September: -3.5% yoy). The notable plunge was largely driven by a sharper drop in mining and quarrying output, which fell at the sharpest pace since July. In addition, manufacturing production growth decelerated, while energy production contracted at a faster rate.

Meanwhile, annual average industrial production growth fell to 0.4% in October (September: +1.4%), signaling a worsening trend in the industrial sector.

FocusEconomics panelists project industrial production to grow 3.1% in 2021, which is up 0.1 percentage points from last month’s forecast. In 2022, they see it expanding 4.0%.


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Kazakhstan Industry October 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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