Kazakhstan economy demonstrates gradual growth of indicators - Mamin

Prime Minister Askar Mamin told the Government meeting that Kazakhstan economy, despite the global economic crisis serious impact, demonstrates a gradual performance improvement, reports.

"Q1 shows positive and stable dynamics in the real sector of the economy: manufacturing industry (+ 7.5%), construction (+ 13.1%) and agriculture (+ 2.8%).

Also, a positive trend is observed in mechanical engineering (21.8%), including automotive industry (20.7%), pharmaceuticals, chemical industry, metallurgical production, including the production of non-ferrous metals, light industry, including the production of clothing and food," the Prime Minister said.

Askar Mamin recalled that on April 1 of this year, the 15th OPEC + Ministerial Meeting allowed separate conditions for Kazakhstan, namely increase in daily oil production by another 6 000 barrels. According to him, against this background, by the end of the year, positive dynamics will be provided in the oil industry.

Positive growth rates, the Prime Minister went on to say, are also recorded in the power generation sector (+ 4.4%) and coal mining (+ 1%). In the service sector, high growth rates were recorded in the information and communications industry. The service sector is still under pressure from restrictive measures, which hinders its development.

The growth of investments in fixed assets, excluding mining, stands at 34%.

As of January-March of this year, 6 out of 7 main indicators show an increase in socioeconomic development

On 5 out of 7 indicators, growth is noted in six regions: Akmola, Aktobe, Zhambyl, Karaganda, Kostanay regions and Shymkent.

In seven regions, positive dynamics is observed in four indicators. These are Atyrau, Kyzylorda, Pavlodar, Turkestan, North Kazakhstan regions, and also Nur-Sultan, Almaty.

The heads of the relevant state bodies need to continue work to achieve the planned indicators in the supervised sectors of the economy.

In general, the economy of Kazakhstan, despite the serious impact of the global economic crisis, demonstrates a gradual growth of indicators, Askar Mamin concluded.

11:41, 12 April 2021