/KASE, February 7, 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 January 2024.
Below are comments of Anuar Ushbayev, Managing Partner and Investment
Director of Tengri Partners Investment Banking (Kazakhstan) JSC.
- Kazakhstan's manufacturing PMI:
"The turn of the year brought a renewed sense of optimism to the Kazakhstan
manufacturing sector and saw some tentative signs of improvement in demand
conditions. Encouragingly, firms responded by increasing staffing levels. The
near stabilisation of output and new orders in January hopefully paves the way
for a return to growth in the months ahead."
- Kazakhstan's services PMI:
"The start of the year revealed a subdued demand environment amid which firms
struggled to raise their business activity. Inflationary pressures intensified,
with Kazakh service companies increasing their charges at the joint-strongest
rate on record (same level as in April 2022).
"However, in some positive news, firms again raised employment. Moreover,
sentiment regarding the 12-month outlook remained historically strong. These
data therefore suggest that companies expect the sector to pick up in the months
ahead."
The reviews are available on KASE website:
-
https://kase.kz/ru/pmi-indicator/ – in Russian;
-
https://kase.kz/en/pmi-indicator/ – in English.
[2024-02-07]