Kazakhstan Industry March 2021

Kazakhstan

Kazakhstan: Industrial output notches quickest growth since April 2020 in March

April 13, 2021

Industrial output rose 4.0% in March (February: +0.2% yoy), marking the best result since April 2020. March's notable upturn was largely driven by an upturn in manufacturing and electricity, water and gas output. Moreover, mining output fell at a softer pace amid easing OPEC+ oil production cuts.

Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 2.2% in March, down from February's minus 2.0%.

FocusEconomics panelists project industrial production to grow 3.4% in 2021, which is up 0.2 percentage points from last month’s forecast. In 2022, they see it expanding 4.0%.


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Kazakhstan Industry March 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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