/KASE, April 6, 2022/ – Tengri Partners Investment Banking (Kazakhstan) (Almaty) has provided Kazakhstan Stock Exchange (KASE) with Purchasing Managers' Index (PMI) of manufacturing and services sectors of Kazakhstan for March 2022.

Below are comments of Anuar Ushbayev, Managing Partner and Investment Director of Tengri Partners Investment Banking (Kazakhstan) JSC.

• Kazakhstan's manufacturing PMI:

"The Kazakhstan manufacturing sector has entered a new challenging period as the war in Ukraine impacts customer demand, the ability of firms to secure inputs and exacerbates cost pressures. "While manufacturers were still largely confident in the year-ahead outlook in March, this was based on hopes that the geopolitical and economic situations will improve soon, something around which there is a great deal of uncertainty".

• Kazakhstan's services PMI:

"The bumpy start to the year for the Kazakh service sector resulted in another contraction in March. After signalling a solid recovery in February, the latest data revealed a fresh wave of challenges faced by service providers. "Intensifying inflationary pressures and the Ukraine-Russia war burdened the sector, with reports of fragile demand leading to falls in new orders and business activity. "Moreover, business confidence fell sharply in March from its series peak back in the previous survey period. Firms, however, still remained expectant for growth in the coming year".

The reviews are available on KASE website:

• see more – in Russian;
• see more – in English.

[2022-04-06]