/KASE, March 2, 2026/ – Freedom Holding Corp. has provided Kazakhstan Stock Exchange (KASE) with a review of the Purchasing Managers' Index (PMI) of Kazakhstan's manufacturing sectors for February 2026.

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

"Kazakhstan’s manufacturing sector, likely, entered a phase of active resource optimization in February amid a prolonged period of adjustment. The two-month decline in the PMI to 48.1 reflects both weak domestic demand and a forced strategy to protect operating margins under high tax pressure. We observe that companies have shifted to stringent cost management, evidenced by the simultaneous reduction in staffing levels and inventories – measures typically adopted by businesses when bracing for extended uncertainty. Nevertheless, the sustained optimism over a 12-month horizon indicates that market participants view the current downturn as a temporary correction, counting on the impact of planned investments and advertising campaigns. The key challenge for the sector in the coming months will be maintaining the balance between the need to raise output prices and the risk of further cooling consumer activity.".

Review in Qazaq – see more

Review in Russian – see more

Review in English – see more

[2026-03-02]