Industry in Kazakhstan
Kazakhstan - Industry
Industrial output growth falls to one-year low in May
Industrial production increased a meagre 0.5% year-on-year in May (April: +6.2% yoy), as the effects of the Covid-19 pandemic dented activity. May's result marked the slowest growth since May 2019. The slowdown was driven by a contraction in manufacturing output and slower growth in mining and quarrying production.
Meanwhile, the trend improved with the annual average growth of industrial production coming in at 5.0%, up slightly from April's 4.9%.
Industrial production is seen falling 2.3% this year, which is unchanged from last month’s forecast. Next year, industrial output is seen growing 3.0%.
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|
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July 17, 2020
Industrial production increased a meagre 0.5% year-on-year in May (April: +6.2% yoy), as the effects of the Covid-19 pandemic dented activity.
July 2, 2020
Consumer prices rose a seasonally-adjusted 0.40% from the last month in June, coming in below May's 0.50% rise.
June 9, 2020
Kazakhstan’s tenge (KZT) strengthened notably against the U.S. dollar in May and at the start of June, after having sunk to a record low in March.
June 8, 2020
The National Bank of Kazakhstan (NBK) decided to keep the base rate steady at 9.50% at its monetary policy meeting on 8 June, after having slashed it by 250 basis points in April in the wake of Covid-19.
June 1, 2020
Consumer prices increased 0.5% month-on-month in May, below April’s 0.9% rise.