Kazakhstan Industry May 2022

Kazakhstan

Kazakhstan: Industrial output growth improves in May

June 15, 2022

Industrial output rose 3.1% compared to the same month a year earlier in May, which followed April's 1.2% increase. Looking at the details of the release, manufacturing production grew at a slower rate in May, while mining and quarrying output gained momentum.

Meanwhile, annual average industrial production growth steadied at 4.9% in May (April: +4.9%), signaling a stabilizing trend in the industrial sector.

FocusEconomics panelists project industrial production to grow 3.9% in 2022, which is up 0.7 percentage points from last month’s forecast. In 2023, they see it expanding 4.4%.


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Kazakhstan Industry May 2022

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


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