FX.co ★ Kyrgyzstan Industrial Output Contracts Again

Industrial production in Kyrgyzstan declined by 4.4% year-on-year in September 2026, moderating from a 9.6% drop in August, which had marked the first annual fall after ten consecutive months of growth. Manufacturing output continued to contract, though at a slower rate, shrinking by 8.7% after an 11.2% decline in the previous month. Output in mining and quarrying also decreased marginally, down 0.2% compared with a 3.6% contraction in August.

By contrast, the electricity, gas, steam, and air conditioning supply sector rebounded sharply, surging 36.9% after a 9.8% decline in the prior month. Water supply, waste treatment, and recovery of secondary raw materials also maintained strong growth, expanding by 28.2% following a 19.6% increase in August.

Over the first nine months of 2026, industrial production as a whole rose by 7.0%, easing from 10.0% growth recorded in the same period of 2025.