/KASE, October 3, 2024/ – Freedom Holding Corp. has provided Kazakhstan
Stock Exchange (KASE) with reviews of the Purchasing Managers' Index (PMI)
of manufacturing and services in Kazakhstan for September 2024.
Below are comments from Yerlan Abdikarimov, Director of the Financial Analysis
Department of Freedom Finance Global PLC (a 100% subsidiary of Freedom
Holding Corp.).
– On the index of manufacturing industries in Kazakhstan:
"The overall condition of the manufacturing industry in September remains at a
relatively high level, despite a slight decline compared to the record level
reached in August. The increase in output volumes, which has been the highest
in the past year and a half, is one of the key factors supporting the sector.
Such an increase is associated with increased demand. Enterprises have begun
processing the new orders they secured earlier, for which staffing was being
recruited at a high rate in recent months. Such active dynamics led to the
depletion in stocks of finished goods, which fell to their lowest level this
year. As we can see, this did not seriously affected output prices and is
unlikely to lead to a significant deterioration in the sector in the coming
months".
– On the index of the service sector of Kazakhstan:
"Positive expectations of service providers for September were met, allowing
business activity to shift into expansion territory after the unfavourable
downturn observed in August. The services sector revived in response to
recovering demand and continued easing of inflationary pressures. The inflow of
new orders is once again showing growth. The rate of employment increase has
reached its highest level this year. Service providers continue to feel less
pricing pressure compared to manufacturers. However, the degree of optimism
regarding expectations over a one-year horizon has fallen to one of the lowest
values this year, but is still at a fairly high level".
Reviews are published on KASE's Internet resource:
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https://kase.kz/ru/pmi-indicator/ – in Russian;
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https://kase.kz/en/pmi-indicator/ – in English.
[2024-10-03]