Kazakhstan Industry October 2021

Kazakhstan

Kazakhstan: Industrial output growth wanes in October

November 9, 2021

Industrial output increased 4.2% compared to the same month a year earlier in October, which was a deterioration from September's 4.7% increase. The result was chiefly driven by weaker manufacturing output. In addition, electricity, water and gas production lost pace. In contrast, mining and quarrying output clocked faster growth.

Meanwhile, annual average industrial production growth rose to 2.1% in October (September: +1.2%), which marked an over one-year high.

FocusEconomics panelists project industrial production to grow 3.6% in 2022, which is up 0.3 percentage points from last month’s forecast. In 2023, they see it also expanding 5.2%.


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Kazakhstan Industry October 2021 0

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Republic of Kazakhstan Agency of Statistics.


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