Kazakhstan Industry February 2018

Kazakhstan

Kazakhstan: Industrial production growth jumps in February

March 13, 2018

Industrial production climbed 6.1% over the same month of the previous year in February. The rate of expansion in output came in higher than the 5.2% year-on-year growth registered in January.

Improved growth in industrial output was brought about by a jump in mining output, which grew 6.5% year-on-year in February following a 4.5% annual rise in the previous month. On the flip side, growth of the manufacturing sector in annual terms was robust but moderated slightly from 6.2% in January to 6.0% in February. Moreover, the electricity, gas, steam and air conditioning supply sector lost considerable steam, with the sector’s year-on-year pace of expansion weakening to 5.0% from 6.4% in January. The water supply, sewerage system and waste management sector contracted for the second consecutive month, although the rate of decline softened from the previous month (February: -1.2% year-on-year; January: -3.3% yoy).

Annual average growth in industrial production edged up to 7.4% in February from 7.2% in January, which marked the highest reading since June 2011.

FocusEconomics panelists expect industrial production to expand 4.2% in 2018, which is unchanged from last month’s projection. For 2019, panelists expect industrial production to grow 3.9%.


Author:, Economist

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Kazakhstan Industry February 2018

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


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