Kazakhstan Industry March 2017


Kazakhstan: Industrial production jumps in March

April 15, 2017

Kazakhstan’s industrial production increased 8.3% year-on-year in March, which came in above the 4.0% expansion in February. March’s result marked the fastest growth rate since November 2010.

The expansion in March resulted from healthy increases in mining and manufacturing, two sectors that continue to show signs of recovery, following a dismal 2016. Developments in utilities were also encouraging since electricity production continued to expand, while water supply grew after seven consecutive months of decline.

March data suggests that Kazakhstan’s industrial production is gradually emerging from the abyss: the annual average variation in industrial production swung from minus 0.4% in February to plus 0.5% in March.

Industrial production should rebound this year. Analysts surveyed by FocusEconomics this month expect that industrial production will expand 2.0% in 2017, which is unchanged from last month’s survey. For 2018, the panel expects that industrial production will expand 2.3%.

Author:, Senior Economist

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Kazakhstan Industry Chart

Kazakhstan Industry March 2017

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

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