Industry in Kazakhstan
Kazakhstan - Industry
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%.
FocusEconomics panelists project industrial production to grow 3.1% in 2021, which is unchanged from last month’s forecast. In 2022, they see it expanding 3.8%.
Kazakhstan - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -1.6 | -1.2 | 7.2 | 4.1 | 3.9 |
Source: Agency of Statistics
Kazakhstan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 382.9 | 0.32 % | Jan 01 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
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Economic News
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Kazakhstan: Economy contracts at moderate pace in 2020
February 16, 2021
A preliminary estimate released on 16 February revealed the economy was down 2.6% in 2020.
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Kazakhstan: Industrial activity deteriorates in January
February 12, 2021
Industrial output dropped 4.1% in January in annual terms (December: +0.3% yoy).
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Kazakhstan: Inflation decreases in January but remains elevated
February 1, 2021
Consumer prices rose a seasonally-adjusted 0.60% over the previous month in January, slowing down from December's 0.87% increase.
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Kazakhstan: Central Bank keeps rates unchanged in January
January 25, 2021
The National Bank of Kazakhstan (NBK) decided to keep the base rate at 9.00% at its 25 January meeting, marking the third consecutive hold, after having cut it by 50 basis points in July 2020.
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Kazakhstan: Industrial output expands at fastest pace since May in December
January 12, 2021
Industrial production expanded 0.3% year-on-year in December (November: -2.9% yoy).
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