Kazakhstan Industry June 2021

Kazakhstan

Kazakhstan: Industrial output growth loses pace in June

July 16, 2021

Industrial output expanded 1.7% year-on-year in June (May: +3.6% yoy). The weaker figure was mainly due to a deterioration in manufacturing output, which fell after recording growth in May. However, mining and quarrying output gained steam amid heightened oil production.

Meanwhile, the trend improved sizably, with the annual average variation of industrial production coming in at minus 1.6% in June, up from May's minus 2.2%.

FocusEconomics panelists project industrial production to grow 4.0% in 2021, which is unchanged from last month’s forecast. In 2022, they see it also expanding 4.0%.


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Kazakhstan Industry June 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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