Kazakhstan Services PMI

Last Release

Jul 31, 2024

Actual

51.4

Units In

Points

50.2

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
54.6 Jul 2022	12.6 Apr 2020	48.56 Points	2019-2024	Markit Economics

The Tengri Partners Kazakhstan Services PMI® is compiled by IHS Markit from responses to questionnaires sent to a panel of around 250 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Survey responses are collected in the second half of each month and indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The indices are then seasonally adjusted.

Latest Updates

The Freedom Holding Corp. Kazakhstan Services PMI edged down to 50.2 in February 2025 from 51.3 in January, indicating only fractional growth in the services sector. Business activity and new orders continued to rise, but at a slower pace, marking the weakest growth in four months. Moreover, new business growth remained marginal, as firms noted that stronger demand and new projects were partially offset by increasing competition. Meanwhile, employment continued to expand for the sixth consecutive month, though at a slower pace than in January. On the price front, inflationary pressures intensified, with input costs rising at the fastest rate in 11 months, driven by higher wages and general cost increases. In response, service providers raised their prices at the quickest pace since early 2024. Despite these challenges, business confidence climbed to an 11-month high, with firms optimistic about rising demand, planned investments, and the launch of new services in the coming year.