Kazakhstan Industry February 2017

Kazakhstan

Kazakhstan: Industrial production grows solidly again in February

March 15, 2017

Kazakhstan’s industrial production increased 4.0% year-on-year in February, which came on top of the 4.9% expansion in January. February’s result marked another month of solid growth, after the index had increased at the fastest pace in five and a half years in January.

The expansion in February resulted from healthy increases in mining and manufacturing, two sectors that continue to show signs of recovery, following a dismal 2016. Developments in utilities were mixed since electricity production continued to expand, while water supply declined for the seventh consecutive month.

February data suggests that Kazakhstan’s industrial production is gradually emerging from the abyss: the annual average variation in industrial production rose from minus 0.7% in January to minus 0.4% in February.

Industrial production should rebound this year. Analysts surveyed by FocusEconomics this month expect that industrial production will expand 2.0% in 2017, which is unchanged from last month’s survey. For 2018, the panel expects that industrial production will expand 2.3%.


Author:, Senior Economist

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Kazakhstan Industry February 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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