Macroeconomic indicators - Kazakhstan industrial production down by 0.2pct YoY
Thursday, 12 Nov 2009
Interfax citing Mr Karim Masimov Prime Minister of Kazakhstan as saying that Kazakh industrial output in January to October 2009 dropped by 0.2%YoY while agricultural production increased by 9%.
He said that "Over the ten months of this year in January to October against the same period of 2008 industry was at 99.8%YoY and agriculture 109% YoY."
It was earlier reported that industrial output in Kazakhstan went up by 2% in 2008. In 2007, production increased by 4.5% which was the lowest rate of growth since 1999. Manufacturing however expanded that year by 6.7%.
Kazakhstan Ministry of the Economy and Budget Planning forecast that industrial production in the country would increase by 2% in 2009.
(Sourced from Interfax)
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