Latest reading: Industrial production growth eased to 1.1% year on year in May (April: +1.4% yoy), marking the weakest reading...
Industrial Production in Kazakhstan
In the year 2024, the industrial production in Kazakhstan was 7.50%, compared to 0.21% in 2014 and 4.44% in 2023. It averaged 2.01% over the last decade. For more industry information, visit our dedicated page.
Kazakhstan Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Kazakhstan from 2014 to 2024.
Source: Macrobond.
Kazakhstan Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 1.3 | -1.6 | 1.1 | 4.4 | 7.5 |
Industrial output growth eases but remains robust in April
Latest reading: Industrial output grew 6.2% compared to the same month a year earlier in April, which was a deterioration from March's 8.5% increase. Still, the reading remained strong by pre-pandemic standards. Looking at the details of the release, a softer rise in manufacturing production and a sharper decline in water supply outweighed a recovery in energy output. Meanwhile, mining expanded around 10% for the second straight month in April. Meanwhile, annual average industrial production growth rose to 3.9% in April (March: +3.5%), signaling an improving trend in the industrial sector.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Kazakhstani industry projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Kazakhstani industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Kazakhstani industry projections.
Want to get access to the full dataset of Kazakhstani industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Belarus: Industrial output growth falls to an over two-year low in May -
Kazakhstan: Industrial output loses momentum in May Latest reading: Industrial output grew 5.8% compared to the same month a year earlier in May, which was a deterioration... -
Euro Area: Industrial output falls at sharpest pace since July 2023 in April Latest reading: Industrial output declined 2.4% in month-on-month seasonally adjusted terms in April, which contrasted March’s 2.4% increase. April’s figure... -
Uruguay: Manufacturing activity growth eases in April Latest reading: Manufacturing output grew 7.2% in year-on-year terms in April, which followed March’s 16.2% increase. April’s reading was largely... -
Turkey: Industrial output records largest decrease in one year in April Latest reading: Industrial output decreased 3.1% in month-on-month seasonally adjusted terms in April, which contrasted March’s 3.4% increase. The result... -
Cyprus: Industrial output growth speeds up in April Latest reading: Industrial output increased 4.9% year on year in calendar-adjusted terms in April, which was above March’s 1.8% increase.... -
Sweden: Industrial output rebounds sharply in April Latest reading: Industrial output—excluding energy—recovered following three consecutive monthly declines in April, expanding 3.3% month on month in seasonally and...