Kazakhstan Industry April 2021

Kazakhstan

Kazakhstan: Industrial output growth loses pace in April

May 17, 2021

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.

FocusEconomics panelists project industrial production to grow 3.5% in 2021, which is up 0.1 percentage points from last month’s forecast. In 2022, they see it expanding 4.0%.


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Kazakhstan Industry April 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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