Kazakhstan Industry December 2016

Kazakhstan

Kazakhstan: Industrial production expands for fourth consecutive month in December

January 16, 2017

Kazakhstan’s industrial production increased 1.8% year-on-year in December, following a 1.1% expansion in November. The result marked a fourth consecutive month of solid growth and the strongest increase in two years.

December’s expansion stemmed from a broad-based improvement, particularly in manufacturing and in mining and quarrying. Developments in utilities were mixed since electricity production accelerated, while water supply declined for the fifth consecutive month.

December data suggest that Kazakhstan’s industrial production is gradually emerging from the abyss, since output contracted 1.2% in 2016 as a whole, which followed a 1.6% decrease in 2015.

Following a second year in contraction in 2016, industrial production should rebound this year. Analysts surveyed by FocusEconomics expects that industrial production will expand 2.4% in 2017, which is down 0.1 percentage points from last month’s survey. For 2018, the panel expects that industrial production will also expand 2.4%.


Author:, Senior Economist

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Kazakhstan Industry December 2016

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


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