KASE published on its Internet resource review of PMI of Kazakhstan's service sector for November from Freedom Holding Corp.

04.12.24 15:22
/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]