Caspian Energy Journal Caspian European Club
Monday, 03 March 2014 15:30

Fastest growth seen in machine-building sector last year

Among Kazakhstan's manufacturing industries the fastest growth was seen in 2013 in the machine-building sector, Minister of Economy and Budget Planning Yerbolat Dossayev told a Government Hour in the Majilis.

"Industrial output growth was 2.3 %. In the manufacturing sector the fastest pace of growth was seen in the machine-building industry - 14.6 %, which accounted for 88% of growth in the manufacturing industry," Dossayev said, Caspian Energy News ( reports with reference to the press service of PM of the Republic of Kazakhstan.

He also noted that the agriculture growth rate was 10.8%.

"The stable macroeconomic environment contributed to the economy growth," he noted.

According to him, the annual inflation rate in 2013 was 4.8 %. This is 1.2 percentage points lower than in 2012.

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