/KASE, March 13, 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 February 2024.
Below are comments of Andrew Harker, Economics Director at S&P Global
Market Intelligence, and Maryam Baluch, Economist at S&P Global Market
Intelligence.
- Kazakhstan's manufacturing PMI:
"There were some glimmers of hope from the latest Kazakhstan manufacturing
PMI survey as a renewed expansion in new orders provided optimism that the
sector can start to generate output growth over the months ahead.
"For now, however, issues with staffing, material supply and rising costs are
limiting opportunities for growth and contributing to falling output volumes".
- Kazakhstan's services PMI:
"Conditions across Kazakhstan's service sector worsened midway through the
opening quarter of the year. The recent freezing weather conditions across the
country, alongside ongoing weakness in underlying demand trends prevented
growth. That said, sentiment regarding The year ahead outlook remained strong,
suggesting hopes that the current downturn will be reversed in the coming
months. Additionally, the recent loosening of monetary policy by the National
Bank of Kazakhstan could also help revive demand."
The reviews are available on KASE website:
-
https://kase.kz/ru/pmi-indicator/ – in Russian;
-
https://kase.kz/en/pmi-indicator/ – in English.
[2024-03-13]