The Tengri Partners Kazakhstan Services PMI fell to 45.0 in January 2020 from 46.6 in the previous month, pointing to the steepest fall in service sector activity in the series 11-month history. New business contracted for a fourth straight month, at the second-fastest pace in the short series history due to weak client demand and increased competition. Meanwhile, employment dropped at a slightly softer rate. On the price front, input prices rose the most since data collection began in March 2019 boosted by higher fuel, wage and utility costs as well as higher prices at suppliers. Average prices charged also increased the most on record. Finally, services firms in Kazakhstan remained confident with regards to the outlook for activity over the coming year.