Kazakhstan Industry September 2021

Kazakhstan

Kazakhstan: Industrial output growth speeds up in September

October 14, 2021

Industrial output increased 4.7% compared to the same month a year earlier in September, which was above August's 1.9% increase. Looking at the details of the release, September's pick up was broad-based, with the manufacturing and electricity, water and gas sub-sectors all accelerating. Moreover, mining and quarrying rebounded despite maintenance at Tengiz oil field likely hampering production.

Meanwhile, annual average industrial production growth rose to 1.2% in September (August: +0.5%), which marked a one-year high.

FocusEconomics panelists project industrial production to grow 3.6% in 2021, which is unchanged from last month’s forecast. In 2022, they see it also expanding 3.3%, which is down 0.1 percentage points from the previous month’s estimate.


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Kazakhstan Industry September 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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