Kyrgyzstan's economy continues to decline

Source: Xinhua| 2020-07-14 15:36:28|Editor: huaxia

BISHKEK, July 14 (Xinhua) -- Kyrgyzstan's economy continued to decline in June, the country's National Statistics Committee reported.

According to preliminary estimates, the gross domestic product in the January to June period amounted to 2.9 billion U.S. dollars and decreased by 5.3 percent compared to the same period last year, the report said.

The decrease in GDP growth through June was mainly due to decreases in such industries as construction by 9.1 percent, wholesale and retail trade by 14.9 percent, hotel and restaurant services by 32.2 percent, and the volume of freight traffic by 28.5 percent and manufacturing by 0.1 percent.

At the same time, growth was seen in industrial production with 0.1 percent, mining with 9.8 percent and agriculture at 1.6 percent.

The growth in industrial production was due to a 2.4-fold increase in the production of pharmaceutical products, chemical products by 10.9 percent, and basic metals and finished metal products by 9 percent.

In addition, consumer prices and tariffs in the country increased by 3 percent, due to an increase in prices for food products and soft drinks by 6.4 percent and alcoholic beverages and tobacco products by 5.4 percent.

Meanwhile, prices for non-food products decreased by 1 percent and tariffs for services by 0.1 percent. Enditem