In most of Kazakhstan's manufacturing sectors, output now outgrows revenue
Across January to July 2026, physical output grew faster than revenue in 15 of 24 manufacturing sectors. Over 2021 to 2025 the relationship ran the other way in 19 of 20 comparable sectors, with revenue outgrowing output almost everywhere. The reversal holds even after allowing for the usual revision to early-year data.
At the level of manufacturing as a whole, revenue still grows faster than output, and one sector accounts for most of the gap. Metallurgy produced 57% of all manufacturing revenue growth in the period while its own physical output fell 2.7%.
- Method
- Desk research, own comparison
- Data
- Bureau of National Statistics, Kazakhstan
- Period
- Jan to Jul 2026, against 2021 to 2025
- Scope
- 24 manufacturing sectors
- Study by
- Glava, self-conducted