Kazakhstan Industry August 2016


Kazakhstan: Industrial production rebounds in September following August's record drop

October 15, 2016

Industrial production in Kazakhstan rose a mild 0.1% annually in September, which contrasted August’s record drop of 7.5%. These results highlight the fragility of the recovery in the Kazakh industrial sector.

September’s rebound was the result of a much softer contraction in mining and quarrying, which decreased 1.1% annually (August: -15.9% year-on-year). In addition, electricity and gas production rebounded from last month’s drop of 3.7% to a notable 6.2% expansion, which marked a near two-year high. Conversely, manufacturing output decelerated to a 0.4% increase (August: +1.2% yoy), while the drop in water management worsened to a 6.3% drop (August: -4.3% yoy).

Due to September’s improvement, the decline in industrial production ceased and the overall trend is now pointing upwards. The annual average variation in industrial production rose from minus 2.7% in August to minus 2.3% in September.

FocusEconomics Consensus Forecast panelists expect industrial production to contract 1.0% in 2016, which is unchanged from last month’s estimate. In 2017, the panel sees industrial production recovering and expanding 2.2%, which is also unchanged from last month’s forecast.

Author:, Senior Economist

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