Industry in Kazakhstan

Kazakhstan Industry | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)-1.6  -1.2  7.2  4.1  3.9  

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Note: Industrial production, annual variation in %.
Source: Agency of Statistics

Kazakhstan Facts

Value Change Date
Exchange Rate382.90.32 %Jan 01
Stock Market0.10.0 %Jan 07

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