/KASE, March 5, 2025/ – Freedom Holding Corp. has provided Kazakhstan Stock
Exchange (KASE) with a review of the Purchasing Managers' Index (PMI) of
Kazakhstan's service sector for February 2025.
Below are comments from Yerlan Abdikarimov, Director of the Financial Analysis
Department of Freedom Finance Global PLC (a 100% subsidiary of Freedom
Holding Corp.).
"In February 2025, the service sector in Kazakhstan, unlike the manufacturing
industries, experienced a slowdown in business activity following the January
recovery. The current PMI index barely exceeded the neutral level of 50.0.
Minimal growth in new business was observed, the weakest in the past four
months, with firms citing increasing competition. Cost pressures were the
strongest in nearly a year: not only overall costs but also labour costs rose.
At the same time, service companies passed on increased costs to customers to a
greater extent than manufacturers did. Nevertheless, we see that despite
increased uncertainty during the period of economic reforms in the country and
rapidly changing market conditions, sector representatives raised their
expectations for the next 12 months to an 11-month high, betting on improved
demand and the implementation of new projects".
Review in Kazakh –
https://kase.kz/files/presentations/kz/KZ_Services_KAZ_2502_PR.pdf
Review in Russian –
https://kase.kz/files/presentations/ru/KZ_Services_RUS_2502_PR.pdf
Review in English –
https://kase.kz/files/presentations/en/KZ_Services_ENG_2502_PR.pdf
[2025-03-05]