THE SHORT-TERM ECONOMIC INDICATOR IN JANUARY-MAY 2019 WAS 103.7%

Economic sector

The short-term economic indicator in January-May 2019 compared with January-May 2018 was 103.7%. Calculation of the short-term economic indicator is implemented to ensure efficiency and is based on the change in output indexes for basic sectors: agriculture, industry, construction, trade, transport and communications, constituting over 60% of GDP.

The volume of investment in fixed assets in January-May 2019 was 3879.4 billion tenge, which is 7.8% more than in January-May 2018.

Industrial output in January-May 2019 was 11836.2 billion tenge in current prices, which is 2% more than in January-May 2018. In mining and quarrying production has increased by 0.7%, in manufacturing production - by 3.6%, in electricity, gas, steam and air conditioning - by 1.3%, in water supply, sewerage system, control over the collection and distribution has by 10.1%.

The volume of gross output (services) of agricultural, foresty and fisheries in January-May 2019 was 824.9 billion tenge, which is 3.7% more than in January-May 2018.

The volume of the construction works (services) in January-May 2019 was 950.2 billion tenge, which is 8.8% more than in January-May 2018.

In «Transport» sector the volume index in January-May 2019 was 105.3%.

The volume of freight turnover in January-May 2019 amounted to 236.4 billion ton-kilometers (given the estimation of the volume of turnover of individual entrepreneurs involved in commercial transportation), which is 1.8% more than January-May 2018. The volume of passenger turnover was 115.3 billion passenger-kilometers and increased by 4.3%.

In «Communications» sector the volume index in January-May 2019 was 101.2%.

In «Trade» sector the volume index in January-May 2019 was 107.5%.

The volume of retail trade in January-May 2019 was 3961.1 billion tenge or 105% as compared to January-May 2018 (in the comparable prices).

The volume of wholesale trade in January-May 2019 was 8456.1 billion tenge or 108% as compared to January-May 2018 (in the comparable prices).

The foreign trade turnover of Kazakhstan in January-April 2019 was 28659.8 million US dollars and compared to January-April 2018 it decreased by 0.1%, including export – 18500.8 million US dollars (1.2% less), imports – 10159 million US dollars (2% less).

The number of registered legal entities as of June 1, 2019 was 438065 units and compared with the corresponding period of the previous year increased by 3%, including 429202 units with less than 100 employees. The number of operating entities was 294084including 285647 small businesses (less than 100 employees).

The consumer price index in May 2019 compared to December 2018 was 102.4%. The food prices have increased by 5.7%, non-food – by 1.8%, paid services have decreased by 1%. Prices of industrial products in May 2019 compared to December 2018 has increased by 4.8%.

Social sector

Per capita nominal income of the population estimated in April 2019 was 98019 tenge which is 8.1% higher compared to April 2018, the real monetary income in April 2019 increased by 3.1% (preliminary data).

Average monthly nominal wages accrued to employees (estimated) in May 2019 was 173499 tenge.

The number of unemployed people estimated in May 2019 was 442,1 thousand people. The unemployment rate was 4.8% of the labor force. Number of persons registered with employment offices as unemployed at the end of May 2019 was 169.9 thousand people or 1.9% of the labor force.