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.

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Kazakhstan Services Pmi

Actual Previous Highest Lowest Dates Unit Frequency
45.00 46.60 46.60 45.00 2019 - 2020 points Monthly

Kazakhstan Services Pmi
The Tengri Partners Kazakhstan Services PMI® is compiled by IHS Markit from responses to questionnaires sent to a panel of around 250 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Survey responses are collected in the second half of each month and indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The indices are then seasonally adjusted.