Kazakhstan Manufacturing PMI Rises Amid Strong Demand

The Freedom Holding Corp.

Kazakhstan Manufacturing PMI rose to 52.1 in February 2025, up from 51.5 in January, signaling further improvement in manufacturing conditions.

This marked the 12th straight month of growth, driven by stronger new orders, supported by improved demand, new contracts, and advertising efforts.

As a result, output continued to grow, extending its year-long streak.

Despite this, employment growth slowed to a nine-month low, while work backlogs rose at the fastest pace since February 2024.

Moreover, purchasing activity stayed solid, but growth slowed to a four-month low, with customs delays causing slightly longer delivery times.

On prices, input costs hit a two-year high for the fourth month, driven by rising raw material, transportation, and utility costs, pushing output prices to their fastest rise since last September.

Despite these pressures, business sentiment hit an eight-month high, with manufacturers optimistic about stable demand and government investment.