Kazakhstan Industry June 2022

Kazakhstan

Kazakhstan: Industrial output records largest decline in over one year in June

July 14, 2022

Industrial output declined 1.3% compared to the same month a year earlier in June, which contrasted May's 3.1% increase. The figure marked the worst reading since January 2021. June's downturn largely reflected drops in mining and quarrying, as well as in electricity, gas, steam and air conditioning supply output. However, manufacturing production growth accelerated.

Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 4.6% in June, down from May's 4.9% reading.

FocusEconomics panelists project industrial production to grow 3.8% in 2022, which is down 0.1 percentage points from last month’s forecast. In 2023, they see it expanding 4.5%.


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Kazakhstan Industry June 2022 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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