Construction output growth in Kazakhstan exceeded 7% in 2016

The national currency’s gradual appreciation and the solid construction activity across the country have steadily boosted business sentiment in construction in recent quarters. In the last seven years, the two lowest readings of the business confidence index in construction were recorded in Q4 2015 and Q1 2016, with the figure of -27% and -15%. The highest reading was +2%, which was achieved in Q2 2012, and is only 1 p.p. higher than the figure observed in Q2 2017.
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