THE SHORT-TERM ECONOMIC INDICATOR IN JANUARY 2019 WAS 102.9%

Economic sector

The short-term economic indicator in January 2019 compared with January 2018 was 102.9%. 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 2019 was 644.6 billion tenge, which is 2.5% lower than in January 2018.

Industrial output in January 2019 was 2157.5 billion tenge in current prices, which is 1.9% more than in January 2018. In mining and quarrying production has increased by 6.8%, in electricity, gas, steam and air conditioning - by 0.1%, in water supply, sewerage system, control over the collection and distribution has - by 14.4%. In manufacturing production decreased by 5%.

The volume of gross output (services) of agricultural, foresty and fisheries in January 2019 was 128.8 billion tenge, which is 3.5% more than in January 2018.

The volume of the construction works (services) in January 2019 was 65 billion tenge, which is 1.8% less than in January 2018.

In «Transport» sector the volume index in January 2019 was 103.7%.

The volume of freight turnover in January 2019 amounted to 47.3 billion ton-kilometers (given the estimation of the volume of turnover of individual entrepreneurs involved in commercial transportation), which is 4.2% more than January 2018. The volume of passenger turnover was 23.1 billion passenger-kilometers and increased by 2.9%.

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

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

The volume of retail trade in January 2019 was 694.6 billion tenge or 104.4% as compared to January 2018 (in the comparable prices).

The volume of wholesale trade in January 2019 was 1503.1 billion tenge or 109.6% as compared to January 2018 (in the comparable prices).

The foreign trade turnover of Kazakhstan in January-December 2018 was 93489.7 million US dollars and compared to January-December 2017 it increased by 19.7%, including export – 60956.2 million US dollars (25.7% more), imports – 32533.5 million US dollars (9.9% more).

The number of registered legal entities as of February 1, 2019 was 434324 units and compared with the corresponding period of the previous year increased by 4.5%, including 425372 units with less than 100 employees. The number of operating entities was 283378 including 274875 small businesses (less than 100 employees).

The consumer price index in January 2019 compared to December 2018 was 100.5%. The food prices have increased by 1.3%, non-food – by 0.3%, paid services have decreased by 0.2%. Prices of industrial products in January 2019 compared to December 2018 has decreased by 1.2%.

Social sector

Per capita nominal income of the population estimated in December 2018 was 97221 tenge which is 8.6% higher compared to December 2017, the real monetary income in December 2018 increased by 3.2%.

Average monthly nominal wages accrued to employees (estimated) in January 2019 was 166111 tenge.

The number of unemployed people estimated in December 2018 was 442.5 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 January 2019 was 111 thousand people or 1.2% of the labor force.