Industry in Kazakhstan
Kazakhstan - Industry
Industrial production growth sees a sharp slowdown in August
August saw a sharp slowdown in industrial production growth. The industrial sector expanded a weaker 1.9% year-on-year in August, following a 4.4% annual expansion in July.
A breakdown of the sub-sectors shows that the downturn was driven by a notable drop in the pace of expansion of mining output and a swing to contraction in the supply of electricity, gas and steam. On the upside, the manufacturing sector accelerated slightly and the water supply, sewerage system and waste management sector rebounded.
Annual average growth in industrial production fell to 4.6% in August, from 5.7% in July.
FocusEconomics panelists expect industrial production to expand 4.4% in 2018, which is up 0.4 percentage points from last month’s projection. For 2019, panelists expect industrial production growth to slow to 3.9%, which is also up 0.4 percentage points from last month.
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 | 364.5 | 0.32 % | Oct 18 |
| Stock Market | 0.1 | 0.0 % | Oct 18 |
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August saw a sharp slowdown in industrial production growth.
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At its 3 September monetary policy meeting, the National Bank of Kazakhstan left the base rate unchanged at 9.00%, with a corridor of plus or minus 1.0%.
Kazakhstan: Industrial production growth picks up in July
August 15, 2018
Industrial production picked up slightly in July, expanding 4.4% in annual terms, following a 4.2% year-on-year rise in June. Looking at a breakdown of the sub-sectors, the mining and electricity, gas, steam and air conditioning supply sectors accelerated, while the manufacturing sector grew at a slightly weaker rate.
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