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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 (www.caspianenergy.net) 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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