Kazakhstan sees decrease in trade
Baku, Azerbaijan, Jan. 13
By Elena Kosolapova - Trend:
Trade volumes have been decreasing in Kazakhstan for three consecutive months, the Kazakh analytical service Ranking.kz said Jan. 13.
In September 2015, (for the first time since 2009) trade volumes fell by 0.7 percent, in October 2015 the decline amounted to seven percent, in November - to 9.3 percent (compared to the corresponding months of 2014).
At the same time, trade turnover in value terms showed a slight increase due to a hike in prices, which amounted to three percent in September and October each, and to 5.5 percent in November (significantly below the level of inflation, which amounted to 12.8 percent as of late November 2015).
During 11 months of 2015, the trade turnover in Kazakh national currency, tenge, increased by 5.4 percent compared to the same period in 2014 (19.6 percent a year earlier).
Some 82 percent of official retail trade in Kazakhstan is concentrated in cities, and only eight percent in villages.
At the same time, trade in the countryside in November decreased by 16 percent.
The share of food products in total sales in November rose to 35.2 percent (from 34.7 percent in November 2014).
Follow the author on Twitter: @E_Kosolapova