BAI is an indicator that characterizes the state of the economy in the real sector, allows you to explore the dynamics of economic trends, critical and turning points of the business cycle. The BAI is prepared based on the results of the monthly survey of enterprises conducted by the National Bank of Kazakhstan and includes a set of enterprises' responses to questions regarding actual changes in the economic performance of enterprises and expectations regarding their changes in the future. The data series are presented with the seasonality factor removed. More details: https://nationalbank.kz/en/page/indeks-delovoy-aktivnosti-po-kazahstanu-ida
Comment by Director of NBK Monetary Policy Department Rustem Orazalin
In October 2022, evaluation of the current business conditions turned out to be positive for the first time for the last 5 months. Estimates of future business conditions for the next 6 months have also improved.
As a result, business climate index, which is an average assessment of current and future business conditions increased, and the business cycle clock indicator almost shifted from upswing area to a boom area.
According to enterprises, demand for finished products has improved. There was a slight improvement in the assessment of business protection issues, despite a slight predominance of negative responses. Estimates of other factors of business conditions (tax burden and access to finance/credit) remained negative.
For more details please see: nationalbank.kz/en/page/indeks-delovoy-aktivnosti-po-kazahstanu-ida