/KASE, December 1, 2025/ – Freedom Holding Corp. has provided Kazakhstan Stock Exchange (KASE) with a review of the Purchasing Managers' Index (PMI) of Kazakhstan's manufacturing sectors for November 2025.

Below are comments from Yerlan Abdikarimov, Director of the Financial Analysis Department of Freedom Finance Global PLC (a 100% subsidiary of Freedom Holding Corp.).

"The manufacturing sector in Kazakhstan showed a slight slowdown in decline in November compared to October but the PMI remains below 50 points. On one hand, despite ongoing pressure from currency and inflation factors, their impact on business has somewhat eased over the month. On the other hand, companies report an intensifying labor imbalance and growing tension related to the upcoming VAT increase, which has affected production and investment plans. Against this backdrop, forecasts for the next 12 months have fallen to a multi-year low but hopes for new contracts and demand recovery sustain moderate optimism in the sector".

Review in Qazaq – see more

Review in Russian – see more

Review in English – see more

[2025-12-01]