Kazakhstan's GDP growth in January-February reached 4.2%The Kazakh Minister of National Economy, Nurlan Baybazarov, announced that Kazakhstan's economy expanded by 4.2% in January-February 2024."In January-February 2024, Kazakhstan's economy increased by 4.2%, indicating a faster pace compared to the previous 3.9%. This growth was driven by a 5.1% increase in the real sector and a 3.5% rise in the service sector,”  Baybazarov said at a government meeting on Tuesday.The Economy Minister noted that construction, information and communications, transport and warehousing, as well as manufacturing, showed the highest growth rates among industries.Capital investment surged to 7.9% from 0.6% in January, with notable increases seen in the construction, education, transport and warehousing, information and communications, and manufacturing sectors."Preliminary results show that in January, foreign trade turnover exceeded $10 billion. Exports reached around $6 billion, including $1.6 billion from processed goods. Imports surpassed $4 billion, resulting in a positive trade balance of $1.7 billion,” he said.Growth accelerated in the manufacturing industry, with significant increases seen in mechanical engineering by 23%, the automotive industry by 21%, and electrical equipment production by 45%. Additionally, growth was noted in metallurgy, chemical and light industries, as well as in the production of metal products, building materials, and furniture."Production in the mineral resource industry rose by 1.9%, driven by a 7.2% increase in metal ore mining, a 1.2% rise in gas production, and a 0.4% growth in oil production. Additionally, other minerals experienced a 2.9% increase. However, coal production declined by 4.1%,” he said. (ICE ALMATY)

Fonte notizia: INTERFAX