Kazakhstan Industry November 2019


Kazakhstan: Industrial sector loses traction in November

December 20, 2019

Industrial production growth receded to 4.8% on an annual basis in November after accelerating to 5.4% in October. November’s print reflected slower mining output as well as a deeper contraction in the electricity supply. On the other hand, manufacturing production accelerated, while activity linked to the water supply rebounded.

Annual average growth in industrial production rose to 3.3% in November from 3.1% in October.

FocusEconomics panelists expect industrial production to expand 3.6% in 2020, which is up 0.3 percentage points from last month’s forecast, and 3.3% in 2021.

Author:, Economist

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Kazakhstan Industry Chart

Kazakhstan Industry November 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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