/KASE, August 5, 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 July 2026.

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

"Kazakhstan's service sector recorded a further expansion in headline business activity during July, logging its highest level of optimism in recent months and widening the growth divergence with manufacturing industries. As a result of this starkly contrasting performance, the spread between the business activity indices of service and manufacturing firms reached an all-time high. Nevertheless, the latest upturn in services looks somewhat fragile. Despite a solid inflow of new orders (excluding the transport and storage segment), payroll numbers across the sector continued to fall. Other underlying triggers include sustained, historically high pressure on margins – albeit easing from a three-month peak – alongside a sharp deterioration in 12-month business confidence, which marked the steepest monthly correction seen in the past ten months. The performance of the sector moving forward will heavily depend on how market conditions unfold over the coming months.".

Review in Qazaq – see more

Review in Russian – see more

Review in English – see more

[2026-08-05]