/KASE, December 4, 2024/ – Freedom Holding Corp. has provided Kazakhstan
Stock Exchange (KASE) with a review of the Purchasing Managers' Index (PMI)
of service sector in Kazakhstan for November 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.).
"November saw a recovery in business activity among Kazakhstan's service
sector, with a noticeable increase in the number of new orders. Service
providers reported successful marketing campaigns, the launch of new products,
and a rise in demand. It appears that service providers have nearly completed
their staffing needs, as the hiring pace has become more moderate compared to
the previous two months. Long-term easing of inflationary pressures, despite
the continued rise in certain costs and utility prices, has contributed to an
increase in sector competitiveness. In some cases, this has allowed for a
reduction in service prices. Outlook for the near future improved for the
second consecutive month, exceeding the historical average. Key factors
supporting this growth include increased investments, the implementation of
marketing strategies, the launch of new products, and improved demand".
Review in Kazakh –
https://kase.kz/files/presentations/kz/KZ_Services_KAZ_2411_PR.pdf
Review in Russian –
https://kase.kz/files/presentations/ru/KZ_Services_RUS_2411_PR.pdf
Review in English –
https://kase.kz/files/presentations/en/KZ_Services_ENG_2411_PR.pdf
[2024-12-04]