Kazakhstan: Industrial output growth rises in August
Latest reading: Industrial output increased 3.8% year on year in August (July: +3.5% yoy). The figure marked the best reading since February. Looking at the details of the release, the upturn was chiefly driven by faster growth in mining and quarrying output. Les positively, manufacturing activity lost momentum.
Meanwhile, annual average industrial production growth fell to 3.8% in August (July: +4.0%), signaling a worsening trend in the industrial sector.