Kazakhstan Industry June 2019

Kazakhstan

Kazakhstan: Industrial sector grows at the fastest pace in 13-months in June

July 15, 2019

Industrial production grew 5.9% in June, the highest reading in over a year and rebounding from May’s 1.6% contraction. A breakdown of industrial activities showed that the upturn came chiefly on the back of a recovery in mining output and faster growth in supply of electricity, gas and steam. In contrast, manufacturing output slowed, while supply of water, sewerage systems and waste management swung to contraction.

Annual average growth in industrial production rose to 2.9% in June from 2.7% in May.

FocusEconomics panelists expect industrial production to expand 2.8% in 2019, which is down 0.3 percentage points from last month’s forecast, and 3.3% in 2020.


Author:, Economist

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Kazakhstan Industry June 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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