The Tengri Partners Kazakhstan Services PMI dropped to 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.

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Kazakhstan Services PMI

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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.