The Tengri Partners Kazakhstan Manufacturing PMI decreased to 48.8 in March 2020 from 49.2 in the previous month. The reading pointed to the fifth consecutive contraction in the country's factory activity, amid solid contraction in output and broadly unchanged order book volumes. Also, employment fell for the third time in four months. On the price front, input inflation continued to rise, due to a faster rise in prices of raw material, as well as unfavourable exchange rates. As a result, average selling prices rose at the fastest pace since October last year and solid over all. Looking ahead, business sentiment weakened to the lowest in four months, amid the impact of coronavirus pandemic.
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 April of 2020. source: Markit Economics
Manufacturing Pmi in Kazakhstan is expected to be 49.50 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 48.00 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.