Kazakh industrial output rose by 1.9% y/y in January, according to figures released by the State Statistics Committee on February 13.
The growth was mostly supported by the ongoing rise in the Central Asian country’s oil output. Kazakhstan’s oil output in the first month of 2019 grew by 5.3% y/y to 8mn tonnes.
Hydrocarbon-export-reliant Kazakhstan is presently seeing its oil output boosted by the giant Kashagan oilfield in the Caspian Sea which relaunched in October 2016 - growing oil prices are also supporting the drive to increase oil production.
A rise in the output recorded by Kazakhstan's other extractive sectors also supported growth. Copper ore mining expanded by 11.6% y/y in January to 8.2mn tonnes. Electricity generation fell by 4.1% to 9.9bn kWh.
Portland cement output registered growth of 1% y/y in the month.
The adjusted annual growth in April owes to production expanding 14% y/y in the most-weighted manufacturing segment, compared to a growth of 7% y/y the preceding month.
The pick-up owes to the calendar effect, with sales spiking because of Easter but also to Polish households’ general inclination towards increased consumption, driven by the good situation on the labour market – low unemployment and growing wages.
Russia's industrial output growth in April 2019 jumped to 4.9% year-on-year after 1.2% growth in March, according to the latest data by Rosstat statistics agency. Russia on track to finish the year with 2.3% industrial production growth
The headline figure attests to the Polish industrial sector’s stubbornness to give in to negative trends in the external environment, especially the slowdown of activity in Germany, Poland's largest trading partner.
Retail trade increased 9.1% y/y in real terms in April, slightly accelerating from 8.9% y/y in March