The Tengri Partners Kazakhstan Services PMI edged down to 54.3 in June of 2022 from May’s record high of 54.4. This marked the third successive month of expansion in the sector, supported by the steepest rise in new orders for a year amid reports of strengthening demand conditions. Meanwhile, employment declined slightly, with the rate of decline was the fastest seen for three months. On the price front, input price inflation eased to a four-month low, while output cost inflation slowed to the fastest since February. Looking ahead, business sentiment weakened slightly on hopes of more stable global economy and strengthened demand conditions. source: Markit Economics
Services PMI in Kazakhstan averaged 46.85 points from 2019 until 2022, reaching an all time high of 54.40 points in May of 2022 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Services PMI in Kazakhstan is expected to be 54.10 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 2023, according to our econometric models.