Kazakhstan Industry May 2021

Kazakhstan

Kazakhstan: Industrial output growth speeds up in May

June 14, 2021

Industrial output increased 3.6% in year-on-year terms in May, which was above April's 3.0% increase. Looking at the details of the release, manufacturing output slowed in May, while mining and quarrying output rebounded.

Meanwhile, the trend improved slightly, with the annual average variation of industrial production coming in at minus 2.2% in May, up from April's minus 2.5% reading.

FocusEconomics panelists project industrial production to grow 3.9% in 2021, which is up 0.4 percentage points from last month’s forecast. In 2022, they see it expanding 4.0%.


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Kazakhstan Industry May 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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