/KASE, March 4, 2026/ – Freedom Holding Corp. has provided Kazakhstan Stock Exchange (KASE) with a review of the Purchasing Managers' Index (PMI) of Kazakhstan's service sector 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 services sector registered the sharpest decline in demand in four years in February. While the industry sought to absorb the initial tax-driven shock through margin compression in January, the current reduction in employment and business activity suggests that this internal buffer is likely being exhausted. Despite a modest easing in headline inflation, price pressures remain elevated – the negative spread between output and input price growth in 2026 has more than tripled relative to the previous two-year average, underscoring intensifying margin pressures amid weak demand. Nevertheless, 12-month business expectations show moderately positive momentum, suggesting cautious optimism about stabiliszation as firms adjust to the new fiscal environment.".

Review in Qazaq – see more

Review in Russian – see more

Review in English – see more

[2026-03-04]