/KASE, May 4, 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 April 2026.

Below are comments from Saltanat Mukhambetaliyeva, Economics Research and Analytics Head, Freedom Holding Operations LLP.

"In April, Kazakhstan's manufacturing sector showed the first signs of stabilisation following a quarter of subdued demand, though operating conditions remain challenging. After two months of easing, cost inflation has re-accelerated: the Middle East conflict, which had previously affected primarily supplier delivery times, is now feeding directly into fuel, raw material and logistics costs, intensifying the pass-through to output prices and constraining margin recovery. Asymmetry in business activity across sectors and company sizes persists: the food & drink segment and large enterprises are demonstrating more resilient dynamics, while chemicals, basic metals and small businesses remain under the greatest pressure. Business expectations over the 12-month horizon improved to a six-month high, while remaining below the long-run survey average".

Review in Qazaq – see more

Review in Russian – see more

Review in English – see more

[2026-05-04]