/KASE, January 10, 2024/ – Tengri Partners Investment Banking
(Kazakhstan) JSC (Almaty) has provided Kazakhstan Stock Exchange (KASE)
with the Purchasing Managers' Indices (PMI) of manufacturing and services
sectors of Kazakhstan for December 2023.
Below are comments of Anuar Ushbayev, Managing Partner and Investment
Director of Tengri Partners Investment Banking (Kazakhstan) JSC.
- Kazakhstan's manufacturing PMI:
"After a positive performance during much of 2023, the Kazakhstan
manufacturing sector ended the year on a negative note. Demand continued to
suffer, leading firms to scale back production to the largest degree in almost
two years. With confidence in the outlook also waning, the prospects for a
quick rebound don't appear bright. Firms will therefore be hoping that a
pick-up in demand starts to materialise in the early months of 2024 to get the
sector back on track."
- Kazakhstan's services PMI:
"The Kazakh service sector ended 2023 on a positive note, with latest data
revealing fresh expansions in activity, new business and employment. Moreover,
despite cost burdens growing at an intensified pace, charges were raised at a
relatively weaker rate. Competitive pricing will also help to generate more
sales in the months ahead. Moreover, business confidence remained historically
strong, despite easing slightly in December. Firms were hopeful that demand
conditions will continue to improve in the coming months and had plans of
investment. Lastly, the visa-free travel between mainland China and Kazakhstan
that came in effect in November, will also promote activity."
The reviews are available on KASE website:
-
https://kase.kz/ru/pmi-indicator/ – in Russian;
-
https://kase.kz/en/pmi-indicator/ – in English.
[2024-01-10]