Kazakhstan Industry May 2018

Kazakhstan

Kazakhstan: Industrial production accelerates in May

June 18, 2018

The industrial sector expanded at the quickest pace in eight months in May, growing 6.4% year-on-year compared to an annual expansion of 4.5% in April.

Looking at a breakdown of the sub-sectors, the acceleration was driven by a notable surge in mining output and a rise in electrical supply, gas, steam and air conditioning. On the other hand, the manufacturing sector grew at a slightly slower pace, while the water supply, sewerage system and waste management sector contracted at broadly the same rate as the previous month.

Annual average growth in industrial production declined from 6.5% in April to 6.2% in May.

FocusEconomics panelists expect industrial production to expand 4.1% in 2018, which is up 0.4 percentage points from last month’s projection. For 2019, panelists expect industrial production to grow 3.8%.


Author:, Economist

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Kazakhstan Industry May 2018 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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