Kazakhstan Industry January 2019

Kazakhstan

Kazakhstan: Industrial production growth picks up at the outset of the new year

February 19, 2019

The industrial sector regained some lost ground in January following a marked slowdown in December. In January, industrial output grew 1.9% over the same month of the previous year, after a meagre 0.1% year-on-year expansion in December.

A breakdown of the sub-sectors showed that January’s upturn was across-the-board. The water supply, sewerage system and waste management sector saw the biggest turnaround, rebounding sharply. Meanwhile, mining output accelerated, and the electricity, gas and steam supply also returned to growth, albeit mild, following five months of contraction. However, manufacturing output saw another notable drop, although the rate of contraction eased slightly from the previous month.


Annual average growth in industrial production fell to 3.9% in January from 4.1% in December


Kazakhstan Industrial Production Forecast


FocusEconomics panelists expect industrial production to expand 3.3% in 2019, which is down 0.6 percentage points from last month’s forecast, and 2.9% in 2020.


Author:, Economist

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Kazakhstan Industry Chart


Kazakhstan Industry January 2019 1

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


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