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