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Kazakhstan's industrial output records growth

13 November 2017 [16:03] - TODAY.AZ

By Azernews

By Kamila Aliyeva

The volume of industrial production in Kazakhstan in January-October 2017 increased by 7.5 percent compared to the same period in 2016, the Committee on Statistics of the Kazakh National Economy Ministry reported.

In the reporting period, mining and quarrying indicators increased by 10.2 percent, manufacturing - by 5.2 percent, electricity, gas, steam and air conditioning - by 4.8 percent.

In the water supply, sewage system, control over the collection and distribution of waste, the indicator fell by 0.3 percent.

In January-October 2017, compared with the same period last year, crude oil, natural gas, metal ore and coal production increased.

The production of food products, oil refining, products of pharmaceutical, metallurgical industry and machine building also increased. At the same time, the production of tobacco products, rubber and plastic products, computers, electronic and optical products showed a decrease.

In particular, the volume of oil production, including gas condensate, amounted to 71.2 million tons (an increase of 11.4 percent compared to the same period last year), copper ore - 81.2 million tons (+ 24.7 percent).

The volume of gasoline output stood at the level of 2.6 million tons (+ 7.1 percent), gasoil - 3.7 million tons (-4 percent). The volume of flat steel production reached 2.4 million tons (-4.7 percent), refined copper - 0.3 million tons (+ 2.8 percent), Portland cement - 8.4 million tons (+ 2.3 percent), electricity - 83.7 billion kWh (+ 10 percent) and flour - 3.4 million tons (+ 6.7 percent).

The increase in production of industrial products was observed in 14 regions of the republic.

Currently, Kazakhstan's manufacturing products are exported to 110 countries and new markets are being opened. 

As a result of the implementation of the Industrialization Program, the contribution of the manufacturing sector to the development of the economy (GDP) increased from 10.1 percent in 2015 to 11.9 percent in the first half of 2017, in industry from 31.8 percent in 2010 to 40.7 percent for the nine months of 2017, in exports - from 27.9 percent in 2010 to 32.7 percent for 8 months in 2017.


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