Industrial production in Kazakhstan increased 1.9 percent year-on-year in April of 2019, easing from a 4.2 percent rise in the previous month. It was the slowest increase in industrial activity since January 2019, as mining & quarrying output fell (-4.2 percent vs 2.0 percent in March) while electricity, gas, steam & air conditioning supply advanced at a softer pace (6.2 percent vs 15.7 percent). On the other hand, manufacturing output increased faster (9.3 percent vs 8.8 percent). On a monthly basis, industrial production dropped 4.4 percent, after an 8.1 percent gain in the prior month. Industrial Production in Kazakhstan averaged 5.19 percent from 1999 until 2019, 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 4.50 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 6.20 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.