Industry in Kazakhstan
Kazakhstan - Industry
Industrial production growth declines in October
The industrial sector lost steam in October, with output growing at a weaker annual pace of 4.2% in the month, following a 5.5% year-on-year expansion in September.
Looking at a breakdown of the sub-sectors showed that the drop in October was due to a cooling in the mining sector. This overrode the gains made by picks up in the manufacturing and water supply, sewerage system and waste management sectors. While electricity, gas and steam supply continued to decline in October, the rate of contraction eased from the previous month.
Despite a slowdown in the growth of overall industrial output, annual average growth in industrial production edged up to 4.8% in October, from 4.5% in September.
Kazakhstan Industrial Production Forecast
FocusEconomics panelists expect industrial production to expand 4.0% in 2019, which is up 0.1 percentage points from last month’s forecast, and 3.4% in 2020.
Kazakhstan - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 2.3 | 0.2 | -1.6 | -1.2 | 7.2 |
Source: Agency of Statistics
Kazakhstan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 370.5 | 0.32 % | Dec 11 |
| Stock Market | 0.1 | 0.0 % | Dec 11 |
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Economic News
Kazakhstan: Central Bank keeps base rate on hold at 9.25% in December
December 4, 2018
At its 4 December monetary policy meeting, the National Bank of Kazakhstan left the base rate at 9.25%, with an interest rate corridor of plus or minus 1.0 percentage point, after the rate was raised to its current level from 9.00% in its October meeting.
Kazakhstan: Industrial production growth declines in October
November 16, 2018
The industrial sector lost steam in October, with output growing at a weaker annual pace of 4.2% in the month, following a 5.5% year-on-year expansion in September. Looking at a breakdown of the sub-sectors showed that the drop in October was due to a cooling in the mining sector.
Kazakhstan: Inflation falls sharply in October
November 1, 2018
Consumer prices rose 0.4% over the previous month in October, matching September’s reading.
Kazakhstan: Industrial production growth climbs in September
October 16, 2018
The industrial sector accelerated markedly in September.
Kazakhstan: Central Bank raises interest rates amid growing inflationary pressures and exchange rate volatility
October 15, 2018
At its 15 October monetary policy meeting, the National Bank of Kazakhstan opted to raise the base rate by 25 basis points to 9.25%, with an interest rate corridor of plus and minus 1.0 percentage point.
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