Kazakhstan Industry February 2019

Kazakhstan

Kazakhstan: Industrial sector accelerates again in February

March 15, 2019

The industrial sector accelerated in February for the second consecutive month, following a notable slowdown in December. Industrial production grew 3.5% over the same month of the previous year, up from 1.9% in January.

Looking at a breakdown of the sub-sectors, February’s print was led by a rebound in the manufacturing sector. A slight pick-up in the water supply, sewerage system and waste management sector also contributed to the upturn. On the other hand, the mining sector lost pace, although grew again at a solid stride. Meanwhile, electricity, gas and steam supply remained stable, following a marginal rise in the previous month.

Annual average growth in industrial production moderated to 3.6% in February from 3.9% in January.

FocusEconomics panelists expect industrial production to expand 3.3% in 2019, which is unchanged from last month’s forecast, and 3.2% in 2020.


Author:, Economist

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Kazakhstan Industry February 2019 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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