The Tengri Partners Kazakhstan Manufacturing PMI increased to 49.9 in August 2020 from 48.0 in the previous month, signalling a broad stabilisation in operating conditions facing Kazakh goods producers, amid the loosening lockdown restrictions. Output and new orders registered a return to growth territory. At the same time, firms continued to cut jobs, with employment dropping was unchanged from the prior month. On the price front, cost continued to rise due to higher prices of raw material, as well as unfavourable exchange rates and higher prices at suppliers. The rate of increase was the slowest since March. Meantime, selling prices also rose, with the pace of charge inflation accelerating to a solid rate. Looking ahead, business sentiment moderates, but remains historically strong, amid optimism to strengthening demand conditions and hopes of an economic recovery.
Manufacturing Pmi in Kazakhstan averaged 48.40 points from 2019 until 2020, reaching an all time high of 49.90 points in November of 2019 and a record low of 47.10 points in January of 2020. This page provides - Kazakhstan Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Kazakhstan Manufacturing Pmi - values, historical data and charts - was last updated on September of 2020. source: Markit Economics
Manufacturing Pmi in Kazakhstan is expected to be 50.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Kazakhstan to stand at 53.00 in 12 months time. In the long-term, the Kazakhstan Manufacturing Pmi is projected to trend around 51.00 points in 2021 and 50.00 points in 2022, according to our econometric models.