Industrial production in Kazakhstan rose 2.3 percent year-on-year in November 2018, after increasing 2.3 percent in the previous month. It is the slowest rise in industrial activity since August. Output advanced for mining & quarrying (5.2 percent) and manufacturing (0.1 percent) but declined for electricity supply (-2.3 percent) and water supply (-1.6 percent). Considering the first eleven months of the year, industrial production grew 4.5 percent over a year ago. Industrial Production in Kazakhstan averaged 5.25 percent from 1999 until 2018, reaching an all time high of 23.30 percent in June of 2001 and a record low of -7.80 percent in April of 1999.
Industrial Production in Kazakhstan is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Kazakhstan to stand at 4.26 in 12 months time. In the long-term, the Kazakhstan Industrial Production is projected to trend around 5.70 percent in 2020, according to our econometric models.