The Tengri Partners Kazakhstan Services PMI fell to 47.3 in February of 2023 from 48.7 in the previous month, pointing to the fourth straight month of contraction in the sector and the lowest since January 2022, mainly due to the non-renewal of contracts, fewer clients and weakness in demand. Although new business received at Kazakh firms rose for the second consecutive month, the increase was mild since a solid rise in factory orders was offset by a near stagnation in new business received at service providers. On the price front, the rates of both input price and output charge inflation were marginally softer than in January and were weaker than their last year's respective averages. Meanwhile, employment level declined significantly in just over a year because of the accelerated drop in activity. Looking ahead, output expectations for services were less optimistic and sentiment weakened notably from January and posted below the four-year series average. source: Markit Economics
Services PMI in Kazakhstan averaged 47.48 points from 2019 until 2023, reaching an all time high of 54.60 points in July of 2022 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 - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Services PMI in Kazakhstan is expected to be 46.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.