Kazakhstan Industry September 2018

Kazakhstan

Kazakhstan: Industrial production growth climbs in September

October 16, 2018

The industrial sector accelerated markedly in September. Industrial output grew 5.5% year-on-year in the month, up from August’s 1.9% expansion.

A breakdown of the sub-sectors showed an across-the-board improvement. The manufacturing sector grew at the fastest rate, followed by the mining sector. Both sectors saw a notable upturn in growth. While the water supply, sewerage system and waste management sector also sped up, the pace of expansion was tepid in comparison. Meanwhile, contraction of the supply of electricity, gas and steam eased from the previous month.

Annual average growth in industrial production inched down to 4.5% in September, from 4.6% in August.

FocusEconomics panelists expect industrial production to expand 3.9% in 2019, which is up 0.4 percentage points from last month’s forecast, and 3.5% in 2020.


Author:, Economist

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Kazakhstan Industry September 2018 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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