The Tengri Partners Kazakhstan Manufacturing PMI declined to 46.9 in December 2020 from 48.8 in the previous month. The latest reading pointed to the second straight month of contraction in the sector, amid quarantine measures to contain the coronavirus pandemic. Output contracted for second month running and at a slightly accelerated pace, amid the sharpest drop in order book volumes for eight months. Also, employment declined further, with the rate of job shedding the fastest in the current three-month sequence. At the same time buying activity fell for the second straight month. On the price front, input cost continued to rise, due to higher prices at the supplier, greater raw material cost, higher transport fees, as well as unfavourable exchange rates. As a result, selling prices rose at the slowest pace since September. Looking ahead, business sentiment improved to a three-month high, due to hopes of a timely economic recovery and improved demand conditions. source: Markit Economics
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 January of 2021.
Manufacturing Pmi in Kazakhstan is expected to be 50.80 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 53.00 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.