Industry in Kazakhstan
Kazakhstan - Industry
Industrial activity deteriorates in January
Industrial output dropped 4.1% in January in annual terms (December: +0.3% yoy). The figure was partly driven by a deterioration in manufacturing production. In addition, mining and quarrying production fell markedly, amid the OPEC+ production cuts.
Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.4%, down from December's minus 0.7%.
FocusEconomics panelists project industrial production to grow 3.1% in 2021, which is unchanged from last month’s forecast. In 2022, they see it expanding 3.8%.
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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February 16, 2021
A preliminary estimate released on 16 February revealed the economy was down 2.6% in 2020.
February 12, 2021
Industrial output dropped 4.1% in January in annual terms (December: +0.3% yoy).
February 1, 2021
Consumer prices rose a seasonally-adjusted 0.60% over the previous month in January, slowing down from December's 0.87% increase.
January 25, 2021
The National Bank of Kazakhstan (NBK) decided to keep the base rate at 9.00% at its 25 January meeting, marking the third consecutive hold, after having cut it by 50 basis points in July 2020.
January 12, 2021
Industrial production expanded 0.3% year-on-year in December (November: -2.9% yoy).