/KASE, July 11, 2024/ – Tengri Partners Investment Banking (Kazakhstan)
JSC (Almaty) has provided Kazakhstan Stock Exchange (KASE) with S&P
Global PMI reviews of the manufacturing and service sectors of Kazakhstan for
June 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:
"Kazakhstan's manufacturing sector ended the first half of 2024 on a positive
note, with further improvements in demand feeding through to rises in new orders
and output. Most positively, firms expanded employment at the fastest pace on
record as they endeavour to keep on top of workloads.
"There were some signs of inflationary pressures building which we'll need to
keep an eye on, but for now customer demand is proving resilient".
- Kazakhstan's services PMI:
"The first half of 2024 concluded with a notable slowdown in Kazakhstan’s
service sector. Activity and new business rose only fractionally, as mentions of
increased competition and flooding restrained growth momentum. Employment
also took a step back, following a brief and fractional rise in May.
"While the cooldown was accompanied by a further easing of inflationary
pressures, some service providers believe that cuts to charges are required,
especially if growth is to be achieved in the second-half of the year".
The reviews are available on KASE website:
-
https://kase.kz/ru/pmi-indicator/ – in Russian;
-
https://kase.kz/en/pmi-indicator/ – in English.
[2024-07-11]