Kazakhstan Industry January 2017

Kazakhstan

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.

Industrial production should rebound this year following a second year in contraction in 2016. Analysts surveyed by FocusEconomics expect 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 January 2017

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


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