Kyrgyzstan"s Industrial Production Grows by 5.3% in 2024

According to analysts, the key factor in accelerating growth in the industrial sector was the slowdown in the decline in the production of basic metals.

Photo: Kabar

Kyrgyzstan's industrial production saw a 5.3% increase over the first 10 months of 2024, according to the latest weekly review by the Eurasian Development Bank (EDB).

According to analysts, the key factor in accelerating growth in the industrial sector was the slowdown in the decline in the production of basic metals. Food production is also an important driver: its contribution to the dynamics of industrial production amounted to 3.1 percentage points, The Caspian Post reports, citing Kyrgyz media.

In addition, the increase in the productivity of the energy sector against the backdrop of high water levels and the production of petroleum products after the launch of new capacities had a positive impact on the indicators of the real sector of the economy, the EDB said.