Industry in Kazakhstan
Kazakhstan - Industry
Industrial output growth ebbs in August
Industrial output expanded 1.9% in year-on-year terms in August, which followed July's 8.2% increase. August's reading was partly driven by a deterioration in manufacturing production. In addition, mining and quarrying output fell, as oil production collapsed after growing in the previous month, partly halted by maintenance work at the Tengiz oilfield. Meanwhile, the trend improved significantly, with the annual average variation of industrial production coming in at plus 0.5%, contrasting July's minus 0.1%.
The continued maintenance at the Tengiz oilfield until 15 September and heightened Covid-19 activity will continue to weigh down on the industrial sector’s performance this month.
FocusEconomics panelists project industrial production to grow 3.6% in 2021, which is down 0.2 percentage points from last month’s forecast. In 2022, they see it also expanding 3.4%.
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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October 1, 2021
Consumer prices rose 0.40% in September over the previous month, after the 0.47% increase recorded in August.
September 13, 2021
At its meeting in mid-September, the National Bank of Kazakhstan (NBK) decided to raise the base rate by 25 basis points to 9.50%, marking the second consecutive hike since late July after holding rates for eight successive meetings.
September 13, 2021
Industrial output expanded 1.9% in year-on-year terms in August, which followed July's 8.2% increase.
September 2, 2021
Consumer prices rose 0.47% in August over the previous month, after the 0.67% increase recorded in July.
August 13, 2021
Industrial output grew 8.2% year-on-year in July (June: +1.7% yoy).