Industry in Kazakhstan
Kazakhstan - Industry
Industrial output records largest decline in over one year in June
Industrial output declined 1.3% compared to the same month a year earlier in June, which contrasted May's 3.1% increase. The figure marked the worst reading since January 2021. June's downturn largely reflected drops in mining and quarrying, as well as in electricity, gas, steam and air conditioning supply output. However, manufacturing production growth accelerated.
Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 4.6% in June, down from May's 4.9% reading.
FocusEconomics panelists project industrial production to grow 3.8% in 2022, which is down 0.1 percentage points from last month’s forecast. In 2023, they see it expanding 4.5%.
Kazakhstan - Industry Data
|Industrial Production (annual variation in %)||-1.6||-1.2||7.2||4.1||3.9|
5 years of economic forecasts for more than 30 economic indicators.
Source: Agency of Statistics
|Exchange Rate||382.9||0.32 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
July 25, 2022
At its latest meeting on 25 July, the National Bank of Kazakhstan (NBK) decided to raise its base rate by 50 basis points to 14.50%, following its decision to stand pat in early June.
July 14, 2022
Industrial output declined 1.3% compared to the same month a year earlier in June, which contrasted May's 3.1% increase.
June 15, 2022
Industrial output rose 3.1% compared to the same month a year earlier in May, which followed April's 1.2% increase.
June 1, 2022
Consumer prices increased 1.4% over the previous month in May, a smaller increase than the 2.02% increase recorded in April.
May 16, 2022
Industrial output rose 1.2% in year-on-year terms in April, which was a deterioration from March's 8.1% increase.