Kazakhstan Industry March 2018

Kazakhstan

Kazakhstan: Industrial production growth eases considerably in March

April 18, 2018

Industrial production growth eased substantially to 4.7% year-on-year in March, following a 6.1% expansion in February.

Looking at a breakdown of the sub-sectors, the mining and electricity, gas, steam and air conditioning supply sectors both lost pace in March. Mining output grew 4.3% year-on-year in March compared to 6.5% in the preceding month, while electricity, gas, steam and air conditioning supply rose a meager 1.0% (February: +5.0% year-on-year). Conversely, the manufacturing sector gained traction, expanding 6.5% yoy in March after growing 6.0% in the previous month. Meanwhile, the water supply, sewerage system and waste management sector contracted for the third month running, with the rate of contraction dropping slightly, from 1.2% in February to 1.1% in March.

Annual average growth in industrial production edged down from 7.4% in February to 7.1% in March.

FocusEconomics panelists expect industrial production to expand 3.5% in 2018, which is down 0.6 percentage points from last month’s projection. For 2019, panelists expect industrial production to grow 3.4%.


Author:, Economist

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Kazakhstan Industry March 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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