The Tengri Partners Kazakhstan Services PMI expanded to 50.3 in October of 2022, albeit marginal from the 49.1 contraction in the previous reading. Firms reported improved demand conditions, resulting in the seventh consecutive yet moderate increase in new orders. Meanwhile, employment declined at its quickest rate since the third month of the year, as the soft upturn in new business led companies to reluctantly take on additional staff. On prices, inflationary pressures eased to its eight month low, but remained elevated and stronger than the historical average for both input and output prices. Looking ahead, business sentiments grew but still among the weakest in 2022, in hopes of higher demand in the service sector. source: Markit Economics
Services PMI in Kazakhstan averaged 47.39 points from 2019 until 2022, 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 December of 2022.
Services PMI in Kazakhstan is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kazakhstan Services PMI is projected to trend around 52.00 points in 2023 and 51.00 points in 2024, according to our econometric models.