Economy Minister Ruslan Dalenov spoke about the results of the country’s socioeconomic development for January-April.
Production of goods grew by 5.8%, while the production of services fell by 4%. As a result the GDP decreased by 0.2%. Production of services fell due to restrictions imposed amid the coronavirus spread fears. The annual inflation made 6.8%.
Manufacturing sector eyes growth due to increase in production in processing industries by 7%, mining by 6%, construction by 5.5% and agriculture by 2.2%.
In April, when Kazakhstan imposed quarantine, the sector of services decreased by 17.5% YoY. In particular, volume of trade and transport services dropped by a third, while real estate operations fell by 9.9%. The external trade in January-April made $21 billion. Export grew by 4.2%, to $13.9 billion, while import dropped to $7.1 billion. At the same time industrial output rose by 5.9%. (Kazinform/Business World Magazine)