Industrial production in Kyrgyzstan grew 32.1 percent year-on-year in November 2018, after a 26.3 percent surge in the previous month. Output continued to rise solidly for manufacturing (35.0 percent vs 33.1 percent in October), mainly the production of computers, electronic and optical equipment (80.3 percent vs -1.2 percent) and basic metals & finished metal products, except machinery & equipment (52.7 percent vs 52.5 percent). Also, gains were registered in electricity, gas, steam & air conditioning supply (21.3 percent vs 3.1 percent) and water supply & waste treatment (22.5 percent vs 26.4 percent). Meantime, activity rebounded in the mining sector (4.9 percent vs -22.5 percent), driven by gains in metal ores (11.4 percent vs -54.8 percent) and extraction of crude oil and natural gas (2.1 percent vs -15.3 percent). Industrial Production in Kyrgyzstan averaged 4.95 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 5.10 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 7.20 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.