Kazakhstan: Industrial output returns to growth in November
Latest reading: Industrial output rebounded 3.7% year on year in November, swinging from October’s 2.0% decline. Looking at the details of the release, the upturn was broad-based: Energy supply rebounded, manufacturing output and water supply rose at a quicker pace in November, and mining and quarrying output contracted at a softer rate.
As a result, annual average industrial production growth rose to 2.8% in November (October: +2.6%, signaling an improving trend in the industrial sector.