Economy shows growth

On Tuesday, October 13, the Government summed up the outcomes of the country's social and economic development for January-September 2020.

In September of this year, there has been a positive change in the trend: activity in the service sector resumed, growth in the real sector continued.

"According to operational data, GDP growth rate improved from minus 3% in 8 months to minus 2.8%. Annual inflation remained at 7.0%", - Ruslan Dalenov said, the Minister of National Economy of the Republic of Kazakhstan, speaking at a government session.

According to Dalenov, if to consider September individually, many industries began to show recovery growth:

agriculture (by 166.5%)
construction (by 95.4%)
education (by 38.2%)
technical (by 36.3%) and financial (by 21.7%) activities
trade (by 2.7%)
transport (by 1.2%)
The growth factors were exports, production, and investment in non-mining sectors.

Capital investment was attracted in the total amount of KZT 8.3 tln. The best investment indicators are observed in Turkestan region (growth by 66.7%) and Shymkent (growth by 36.2%).

Industrial growth is observed in most regions: Kostanay (by 6.9%), Akmola (by 6.8%), North Kazakhstan (by 5.3%).

At the same time, manufacturing output increased by 3.3%.

Pharmaceuticals, finished metal products, mechanical engineering, including the automotive industry, and consumer goods industry show high growth rates.