The Tengri Partners Kazakhstan Services PMI decreased to 49.6 in October 2020 from 52.2 in the previous month, signalling a renewed contraction in services sector, albeit one that was only slight overall, amid ongoing quarantine measures. New business eased noticeably during October, following a modest uptick in the previous survey period. Meantime, the rate of job shedding quickened from that seen in September and was sharp overall. On the price front, input prices continued to increase during October, with the rate of inflation still solid overall. Meanwhile, output prices fell for the fourth month in a row, due to the competitive pressure. Looking ahead, business sentiment moderated to a six-month low, with panellists citing concerns around the longevity of the pandemic and timeliness of the economic recovery. source: Markit Economics
Services Pmi in Kazakhstan averaged 42.28 points from 2019 until 2020, reaching an all time high of 52.20 points in September of 2020 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 November of 2020.
Services Pmi in Kazakhstan is expected to be 46.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Pmi in Kazakhstan to stand at 48.00 in 12 months time. In the long-term, the Kazakhstan Services Pmi is projected to trend around 49.00 points in 2021 and 50.00 points in 2022, according to our econometric models.