Industry in Kazakhstan
Kazakhstan - Industry
Industrial sector grows at the swiftest pace in five months in March
Industrial production grew 4.2% year-on-year in March, up from February’s 3.5% expansion. The latest reading marked the fastest pace of expansion in the industrial sector in five months.
Looking at a breakdown of the sub-sectors, March’s print reflected a sharp acceleration in the manufacturing sector and a modest upturn in the growth of the water supply, sewerage system and waste management sector. On the downside, mining output decelerated, while electricity, gas and steam supply contracted following a flat reading in February.
Annual average growth in industrial production remained at 3.6% in March, matching the previous month’s print.
Met the why particular panelists expect industrial production to expand 3.2% in 2019, which is down 0.1 percentage points from last month’s forecast, and 3.1% 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||377.4||0.32 %||Apr 22|
|Stock Market||0.1||0.0 %||Apr 19|
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April 15, 2019
Industrial production grew 4.2% year-on-year in March, up from February’s 3.5% expansion.
April 1, 2019
Consumer prices rose 0.5% over the previous month in March, following a 0.3% month-on-month upturn in February.
Kazakhstan: Nazarbayev relinquishes power after three decades in charge; policy continuity will likely prevail in the near-term
April 1, 2019
On 19 March, President Nursultan Nazarbayev unexpectedly resigned, relinquishing power after three decades of rule since the collapse of the Soviet Union.
March 15, 2019
The industrial sector accelerated in February for the second consecutive month, following a notable slowdown in December.
March 4, 2019
At its 4 March monetary policy meeting, the National Bank of Kazakhstan held the base rate at 9.25%, with an interest rate corridor of plus or minus 1.0 percentage point. The Bank’s decision to hold the rate steady came against the backdrop of declining inflationary pressures.