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.

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Kazakhstan Services PMI

Related Last Previous Unit Reference
Services PMI 47.30 48.70 points Feb 2023
Manufacturing PMI 51.20 50.00 points Feb 2023
Composite PMI 48.00 48.80 points Feb 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
47.30 48.70 54.60 12.60 2019 - 2023 points Monthly