Kazakhstan Industry July 2021

Kazakhstan

Kazakhstan: Industrial output grows at the quickest pace in nearly four years in July

August 13, 2021

Industrial output grew 8.2% year-on-year in July (June: +1.7% yoy). The print marked the strongest expansion since August 2017. The strong pick up in momentum reflected a broad-based improvement, with activity in the manufacturing, mining and quarrying and electricity, water and gas sub-sectors all strengthening in July.

Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 0.1% in July, up from June's minus 1.6% reading.

FocusEconomics panelists project industrial production to grow 3.8% in 2021, which is unchanged from last month’s forecast. In 2022, they see it also expanding 3.5%.


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Kazakhstan Industry July 2021 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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