Kazakhstan: Industrial production expands substantially in January
February 17, 2017
Kazakhstan’s industrial production surged 4.9% year-on-year in January, following a 1.8% expansion in December. The result marked the fifth consecutive month of solid growth and the strongest increase since June 2011.
January’s substantial expansion reflected notable increases in manufacturing production and in mining and quarrying. Developments in utilities were mixed since electricity production maintained the pace of growth observed in December, while water supply declined for the sixth consecutive month.
January data suggest that Kazakhstan’s industrial production is gradually emerging from the abyss: the annual average variation in industrial production rose from minus 1.2% in December to minus 0.7% in January.
Author: Ricardo Aceves, Senior Economist