Kazakhstan: Industrial output growth loses pace in April
Industrial output grew 3.0% year-on-year in April (March: +4.0% yoy). April’s slowdown was partly due to a deceleration in manufacturing production growth. In addition, mining and quarrying output fell, amid lower crude oil and natural gas production.
Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 2.5% in April, down from March’s minus 2.2%.
From May, mining output is expected to recover amid an ease in OPEC+ production cuts from the beginning of the month.