Kazakhstan: Industrial output loses steam in January
Latest reading: Industrial output growth slowed to 2.3% year on year in January from December’s 3.8% increase. Looking at the details of the release, water supply fell at a sharper clip, energy output swung into contraction and manufacturing production lost momentum, outweighing a rebound in mining and quarrying.
As a result, annual average industrial production growth edged down to 2.7% in January (December: +2.8%), signaling a stabilizing trend in the industrial sector.