Kazakhstan Industry March 2019

Kazakhstan

Kazakhstan: Industrial sector grows at the swiftest pace in five months in March

April 15, 2019

Industrial production grew 4.2% year-on-year in March, up from February’s 3.5% expansion. The latest reading marked the fastest pace of expansion in the industrial sector in five months.

Looking at a breakdown of the sub-sectors, March’s print reflected a sharp acceleration in the manufacturing sector and a modest upturn in the growth of the water supply, sewerage system and waste management sector. On the downside, mining output decelerated, while electricity, gas and steam supply contracted following a flat reading in February.

Annual average growth in industrial production remained at 3.6% in March, matching the previous month’s print.

FocusEconomics panelists expect industrial production to expand 3.2% in 2019, which is down 0.1 percentage points from last month’s forecast, and 3.1% in 2020.


Author:, Economist

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Kazakhstan Industry March 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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