Kazakhstan Industry May 2017

Kazakhstan

Kazakhstan: Industrial production posts another month of strong gains in May

June 15, 2017

Industrial production expanded by an impressive 10.7% in May, inching down from April’s nearly seven-year high of 10.9%. May’s print further suggests that industrial output has put last year’s slump firmly in the rearview, and follows four strong months of growth since the outset of the year.

A breakdown of the print shows that a surge in the mining sector (+14.8% year-on-year) drove May’s expansion. Despite decelerating from a month earlier, the manufacturing (+6.9% yoy) and electricity, gas and air conditioning (+5.8% yoy) sectors also posted healthy gains in May. Annual average industrial production growth jumped to 3.0% in May from 1.6% a month earlier and was the strongest print in over five years.

Analysts surveyed by FocusEconomics this month expect that industrial production will expand 2.6% in 2017, which is up 0.2 percentage points from last month’s survey. For 2018, our analysts expect industrial production to expand 2.9%.


Author:, Economist

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Kazakhstan Industry May 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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