The Atyrau bridge in Kazakhstan

Kazakhstan PMI February 2024

Kazakhstan: PMI signals weaker services sector activity

The S&P Global Kazakhstan Services Purchasing Managers’ Index (PMI) fell to 48.5 in February from 49.8 in January, the steepest downturn in a year. As a result, the index moved further below the 50.0 no-change threshold and signaled a faster deterioration in services sector operating conditions compared to the previous month.

February’s deterioration primarily reflected the most pronounced drop in new business inflows in nearly two years: Weak underlying demand trends and adverse weather conditions weighed on new orders. Consequently, firms adjusted their workforce numbers downwards.

Turning to prices, input cost inflation rose at the sharpest pace since September, driven by higher prices from suppliers, utilities, and labor. In response, service providers raised their output charges, though the rate of inflation moderated from January’s multi-year high. Lastly, business confidence within the sector reached a two-year high, fueled by hopes of stronger demand and expected increases in activity.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest