The Kazakh economy was stable in November

KAZAKHSTAN - In Brief 13 Dec 2022 by Alexander Kudrin
The country’s Bureau of National Statistics reported that in 11M22, the monthly short-term indicator (a proxy for overall economic activity) was up by 3.2% y-o-y, which was slightly better than in 10M22 (3.1%). The industry was up by 1.4% y-o-y over the same cumulative period. Such sectors as construction, transportation, agriculture, and trade grew faster – by 4.3%, 4.0%, 8.5%, and 4.8% (all figures are y-o-y in 11M22). Surprisingly, the Bureau reported that communications grew by a mere 0.5% y-o-y over 11M22, while in 10M22, the figure was reportedly 7.1%. Such a difference could be either a typo or a result of some statistical revisions – it will require a closer look at all available numbers to understand such a dramatic change. So far, the Bureau published only a few flash estimates. At a glance, it looks as though in November, the Kazakh economy was stable, and the economic growth rate was slightly higher than in the previous months. Evgeny Gavrilenkov Alexander Kudrin

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.