Kazakhstan Industry August 2021

Kazakhstan

Kazakhstan: Industrial output growth ebbs in August

September 13, 2021

Industrial output expanded 1.9% in year-on-year terms in August, which followed July's 8.2% increase. August's reading was partly driven by a deterioration in manufacturing production. In addition, mining and quarrying output fell, as oil production collapsed after growing in the previous month, partly halted by maintenance work at the Tengiz oilfield. Meanwhile, the trend improved significantly, with the annual average variation of industrial production coming in at plus 0.5%, contrasting July's minus 0.1%.

The continued maintenance at the Tengiz oilfield until 15 September and heightened Covid-19 activity will continue to weigh down on the industrial sector’s performance this month.

FocusEconomics panelists project industrial production to grow 3.6% in 2021, which is down 0.2 percentage points from last month’s forecast. In 2022, they see it also expanding 3.4%.


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Kazakhstan Industry August 2021

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


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