The Tengri Partners Kazakhstan Services PMI decreased to 43.9 in November 2020 from 49.6 in the previous month, signalling a much faster rate of contraction, and one that was sharp overall, amid ongoing quarantine measures. Output shrank faster due to weak demand and fewer sales, while the latest falls in new orders were much less severe than those seen at the height of quarantine measures in the spring. At the same time, the rate of job shedding eased slightly from October but was still sharp. On the price front, input prices rose at the most marked rate on record, amid reports of greater fuel and utility costs, as well as unfavourable exchange rates. As a result, output prices increased for first time in six months. Looking ahead, business sentiment improved, due to hopes of a timely end to the COVID-19 pandemic, the subsequent relaxation of lockdown measures and an economic recovery. source: Markit Economics

Services PMI in Kazakhstan averaged 42.40 points from 2019 until 2020, reaching an all time high of 52.20 points in September of 2020 and a record low of 12.60 points in April of 2020. This page provides - Kazakhstan Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Kazakhstan Services PMI - values, historical data and charts - was last updated on December of 2020.

Services PMI in Kazakhstan is expected to be 46.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Kazakhstan to stand at 48.00 in 12 months time. In the long-term, the Kazakhstan Services PMI is projected to trend around 49.00 points in 2021 and 50.00 points in 2022, according to our econometric models.

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Kazakhstan Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
43.90 49.60 52.20 12.60 2019 - 2020 points Monthly
SA

Kazakhstan Business Last Previous Highest Lowest Unit
Business Confidence 5.00 -1.00 15.00 -2.00 points [+]
Industrial Production -6.20 -3.50 23.30 -9.60 percent [+]
Industrial Production Mom 2.70 0.30 17.90 -18.70 percent [+]
Manufacturing Production 1.90 2.90 35.30 -18.10 percent [+]
Changes in Inventories 1000560.00 366065.00 2594937.00 -64693.00 KZT Million [+]
Internet Speed 10581.80 8955.15 10581.80 397.87 KBps [+]
IP Addresses 1522517.00 1528598.00 1954834.00 108535.00 IP [+]
Leading Economic Index -5.10 -0.40 15.40 -11.70 percent [+]
Competitiveness Index 62.94 61.80 62.94 4.07 Points [+]
Competitiveness Rank 55.00 59.00 72.00 42.00 [+]
Composite PMI 44.60 49.70 52.80 15.30 points [+]
Car Registrations 3892300.00 3891800.00 4047767.00 3021947.00 [+]
Cement Production 1049.30 1174.90 1229.20 196.90 Thousands of Tonnes [+]
Copper Production 39695.00 40905.00 43837.00 17401.00 Tonnes [+]
Ease of Doing Business 25.00 28.00 64.00 25.00 [+]
Corruption Index 34.00 31.00 34.00 21.00 Points [+]
Corruption Rank 113.00 124.00 150.00 65.00 [+]
Steel Production 340.00 325.00 529.00 56.00 Thousand Tonnes [+]
Services PMI 43.90 49.60 52.20 12.60 points [+]
Mining Production -11.00 -7.70 30.00 -15.90 percent [+]
Manufacturing PMI 48.80 50.80 52.90 39.30 points [+]


Kazakhstan Services PMI
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.