The Tengri Partners Kazakhstan Services PMI dropped to 48.7.in November of 2021 from 53.5 in the previous month, pointing to the first contraction in the sector since July, as both business activity and new orders shrank for the first time since July, amid reports of weak client demand, in part due to the pandemic. Meanwhile, employment declined, due to many employees leaving in search of higher wages amid rising living costs. On the price front, input prices rose to a new record high, due to higher utility and energy costs, while output price inflation eased slightly from October's series peak and remaining sharp overall. Looking ahead, business sentiment strengthened on hopes an economic rebound and the loosening of quarantine restrictions. source: Markit Economics
Services PMI in Kazakhstan averaged 46.28 points from 2019 until 2021, reaching an all time high of 54 points in June of 2021 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 - values, historical data and charts - was last updated on December of 2021.
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 50.00 points in 2022, according to our econometric models.