Industry in Kazakhstan
Kazakhstan - Industry
Industrial sector swings to contraction in May
Industrial production swung to contraction in May, declining 1.6% over the same day last month. This contrasted the 1.9% year-on-year expansion in April and marked the first contraction in output since August 2016.
A breakdown of industrial activities showed a broad-based downturn. The manufacturing sector slowed significantly, while mining output fell more sharply. Moreover, the water supply, sewerage system and waste management sector swung to decline. However, the overall drop was moderated somewhat by a faster expansion in the electricity, gas and steam supply sector.
Annual average growth in industrial production dropped to 2.7% in May from 3.4% in April.
Kazakhstan Indusrial Production Forecast
FocusEconomics panelists expect industrial production to expand 2.8% in 2019, which is down 0.3 percentage points from last month’s forecast, and 3.3% in 2020.
Kazakhstan - Industry Data
|Industrial Production (annual variation in %)||2.3||0.2||-1.6||-1.2||7.2|
5 years of economic forecasts for more than 30 economic indicators.
Source: Agency of Statistics
|Exchange Rate||380.0||0.32 %||Jun 20|
|Stock Market||0.1||0.0 %||Jun 20|
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June 20, 2019
Industrial production swung to contraction in May, declining 1.6% over the same day last month.
June 4, 2019
Acting President Kassym-Jomart Tokayev is on course to win the snap election scheduled for 9 June, with the tightly controlled and opaque electoral process meaning that opposition candidates stand little chance.
June 3, 2019
Consumer prices rose 0.6% over the previous month in May, slightly above April’s 0.5% month-on-month upturn.
June 3, 2019
The National Bank of Kazakhstan held the base rate at 9.00%, with an interest rate corridor of plus or minus 1.0 percentage point, at its latest monetary policy meeting on 3 June.
May 20, 2019
Economic growth declined to 3.8% in annual terms in January–March, from the 4.1% year-on-year expansion recorded in January–December 2018, according to a preliminary estimate released on 20 May. A breakdown of key sectors revealed that industry grew at a notably softer pace of 3.2% in January–March, down from 4.2% in January–December 2018.