Kazakhstan’s Industry Fell 3.1% In January–February Despite February Growth

Kazakhstan’s industrial output declined by 3.1% in January–February compared with the same period last year, according to data from the Bureau of National Statistics. The downturn seen at the start of the year continued, though it was less severe than in January alone, Orda.kz reports.

At the same time, February on its own showed positive momentum, with industrial output rising 3.2% year on year. However, January’s weak result continued to weigh on the cumulative figure for the first two months of the year. The BNS calculates the industrial production index based on the total value of goods produced during the period, adjusted for inflation in base-year prices.

The overall decline was driven by the mining sector, which contracted by 14.2%. Oil production fell by 23% due to several weeks of downtime at Tengiz following a January fire at the power plant, as well as export disruptions linked to attacks on the infrastructure of the Caspian Pipeline Consortium.

Other sectors, by contrast, posted growth. Manufacturing rose by 5.9%, electricity, gas, steam, hot water and air conditioning supply increased by 7.5%, and water supply grew by 20.5%.

A year earlier, industry expanded by 5.9% in January–February compared with the beginning of 2024. At that time, oil production had increased by 3.7% amid the launch of the Tengiz expansion project.

Original author: Alexey Afonsky

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