Kazakhstan Industry August 2018

Kazakhstan

Kazakhstan: Industrial production growth sees a sharp slowdown in August

September 14, 2018

August saw a sharp slowdown in industrial production growth. The industrial sector expanded a weaker 1.9% year-on-year in August, following a 4.4% annual expansion in July.

A breakdown of the sub-sectors shows that the downturn was driven by a notable drop in the pace of expansion of mining output and a swing to contraction in the supply of electricity, gas and steam. On the upside, the manufacturing sector accelerated slightly and the water supply, sewerage system and waste management sector rebounded.

Annual average growth in industrial production fell to 4.6% in August, from 5.7% in July.

FocusEconomics panelists expect industrial production to expand 4.4% in 2018, which is up 0.4 percentage points from last month’s projection. For 2019, panelists expect industrial production growth to slow to 3.9%, which is also up 0.4 percentage points from last month.


Author:, Economist

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Kazakhstan Industry August 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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