Kazakhstan Industry

Kazakhstan

Kazakhstan: Industrial production contracts in July, falls to a 14-month low

August 17, 2015

Kazakhstan’s industrial production took a hit in July and contracted 2.1% in year-on-year terms. The reading contrasted the 1.3% increase reported in June and marked the deepest fall since June 2014.

The strong contraction resulted from a notable decrease in output of mining and quarrying, a contraction in electricity generation, as well as in water supply. Manufacturing production was the only sub-category that registered an increase in July.

As a result of the sharp decline, the overall trend fell in July. The annual average growth in industrial production fell from 0.7% in June to 0.5% in July.

FocusEconomics Consensus Forecast panelists expect industrial production to contract 0.3% in 2015, which is up 0.5 percentage points from last month’s estimate. In 2016, the panel sees industrial production expanding 1.7%.


Author:, Senior Economist

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Kazakhstan Industry July 2015 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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