Kazakhstan Industry


Kazakhstan: Industrial production growth strengthens in June

July 15, 2015

Growth in Kazakhstan’s industrial output strengthened in June and increased 1.3% over the same month last year. The reading followed the 1.1% expansion registered in May and marked the fastest pace of expansion in the last four months.

The slight acceleration stemmed from a rebound in both manufacturing output (June: +0.9% year-on-year; May: -0.6% yoy) as well as electricity generation (June: +0.3% year-on-year; May: -1.1% yoy). Meanwhile, growth in mining and quarrying moderated over the previous month in June, while water supply continued to contract at a double-digit rate (-11.1% yoy).

The overall trend improved in June. The annual average growth in industrial production rose from May’s 0.3% to 0.7% in June.

FocusEconomics Consensus Forecast panelists expect industrial production to contract 0.3% in 2015, which is up 0.5 percentage points from last month’s estimate. In 2016, the panel sees industrial production expanding 1.7%.

Author:, Senior Economist

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Kazakhstan Industry Chart

Kazakhstan Industry June 2015

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

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