/KASE, May 10, 2023/ – Tengri Partners Investment Banking (Kazakhstan)
JSC (Almaty) has provided Kazakhstan Stock Exchange (KASE) with the
Purchasing Managers' Index (PMI) of manufacturing and services sectors of
Kazakhstan for April 2023.
Below are comments of Anuar Ushbayev, Managing Partner and Investment
Director of Tengri Partners Investment Banking (Kazakhstan) JSC.
- Kazakhstan's manufacturing PMI:
"The Kazakhstan manufacturing sector was able to build on the renewed output
growth seen in March with a further expansion in April as the impressive run of
new order expansion continued.
"Alongside stronger demand conditions, firms are also benefitting from
improvements to the supply side of their operations. Input cost inflation was
the slowest in almost four years in April, while suppliers' delivery times
neared stabilisation as firms begin to overcome the logistical challenges that
have caused such disruption over the past year".
- Kazakhstan's services PMI.
"The second quarter started on a solid footing for service providers in
Kazakhstan. A rapid increase in incoming new business translated to the
quickest rise in service sector activity for nine months.
Furthermore, there were again signs that the stubbornly high inflation seen in
recent years is moderating. In fact, cost burdens rose at the weakest pace since
August 2020.
"However, Kazakh service firms erred on the side of caution, as sentiment dipped
to a 30-month low. Concerns regarding the future economic climate dampened
the level of optimism within the sector".
The reviews are available on KASE website:
-
https://kase.kz/ru/pmi-indicator/ – in Russian;
-
https://kase.kz/en/pmi-indicator/ – in English.
[2023-05-10]