Kazakhstan Industry January 2018

Kazakhstan

Kazakhstan: Industrial production growth moderates slightly in January

February 16, 2018

Industrial output rose 5.2% over the same month of the previous year in January. The pace of expansion moderated slightly from the 5.4% year-on-year growth recorded in December.

The manufacturing and electricity, gas, steam and air conditioning sub-sectors picked up in January. Manufacturing output grew 6.2% year-on-year (December: +4.4% year-on-year) and the electricity, gas, steam and air conditioning supply increased 6.4% year-on-year (December: +4.1% yoy) in the previous month. Conversely, the mining and quarrying sub-sector lost steam. Output in the sector rose at a more moderate annual rate of 4.5% (December: +6.5% year-on-year). Moreover, the water supply, sewerage system and waste management sector contracted 3.4% year-on-year in January, contrasting a 0.2% annual expansion in December.

Annual average growth in industrial production in January mirrored December’s 7.2%—the highest reading since June 2011.

FocusEconomics panelists expect industrial production to expand 4.2% in 2018, which is up 0.2 percentage points from last month’s projection. For 2019, panelists expect industrial production to grow 3.9%.


Author:, Economist

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Kazakhstan Industry January 2017 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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