Kazakhstan: Industrial activity deteriorates in January
Industrial output dropped 4.1% in January in annual terms (December: +0.3% yoy). The figure was partly driven by a deterioration in manufacturing production. In addition, mining and quarrying production fell markedly, amid the OPEC+ production cuts.
Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.4%, down from December’s minus 0.7%.