Industrial production in Kyrgyzstan rose 26.3 percent year-on-year in October 2018, following a 32.5 percent jump in the previous month. Output went up at a softer pace for manufacturing (33.1 percent from 50.2 percent in September), mainly led by production of basic metals & finished metal products, except machinery & equipment (52.5 percent from 88.4 percent); rubber & plastic products (-8.6 percent from 7.9 percent) and vehicles (-29.2 percent from 48.4 percent). Meantime, output fell less for mining (-22.5 percent from -51.2 percent), driven by metal ores (-54.8 percent from -83.2 percent) and coal & lignite (31.6 percent from 14.3 percent), while advancing faster for electricity, gas, steam & air conditioning supply (3.1 percent from 0.5 percent) and water supply & waste treatment (26.4 percent from 24.3 percent). Industrial Production in Kyrgyzstan averaged 4.83 percent from 1999 until 2018, reaching an all time high of 105.80 percent in February of 2010 and a record low of -44.10 percent in December of 2011.
Industrial Production in Kyrgyzstan is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Kyrgyzstan to stand at 6.80 in 12 months time. In the long-term, the Kyrgyzstan Industrial Production is projected to trend around 5.30 percent in 2020, according to our econometric models.