Kazakhstan Industry November 2016

Kazakhstan

Kazakhstan: Industrial production expands for third consecutive month in November

December 15, 2016

Kazakhstan’s industrial production increased 1.1% year-on-year in November, following a 1.2% expansion in October. The result marked a third consecutive month of solid growth, following a year of very poor performance.

November’s expansion stemmed from a rebound in manufacturing production and electricity generation, while mining and quarrying slowed compared to the previous month.

Due to November’s increase, the decline in industrial production ceased and the overall trend is now pointing upwards. The annual average variation in industrial production rose from minus 1.9% in October to minus 1.5% in November.

The analysts we surveyed this month expect the economy to increase 0.3% in 2016, which is down 0.2 percentage points from last month’s estimate. For 2017, the panel sees the economy picking up pace and increasing 2.1%, which is down 0.1 percentage points from last month’s forecast.


Author:, Senior Economist

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Kazakhstan Industry November 2016 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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