Kazakhstan Industry June 2018

Kazakhstan

Kazakhstan: Industrial production loses steam in June

July 18, 2018

The industrial sector lost pace in June, growing at a more moderate 4.2% year-on-year following a 6.4% annual expansion in the previous month.

A breakdown of the sub-sectors revealed an across-the-board slowdown. The mining sector lost the most speed, followed by the electricity, gas, steam and air conditioning supply sector. Meanwhile, the pace of expansion of the manufacturing sector moderated only slightly. Meanwhile, the water supply, sewerage system and waste management sector contracted at a sharper rate compared to last month, the sector has been contracting throughout the whole year.

Annual average growth in industrial production edged down to 5.9% in June from 6.2% in May.

FocusEconomics panelists expect industrial production to expand 3.9% in 2018, which is down 0.2 percentage points from last month’s projection. For 2019, panelists expect industrial production to grow 3.6%.


Author:, Economist

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Kazakhstan Industry June 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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