The Tengri Partners Kazakhstan Composite PMI fell to 35.6 in July 2020 from 49.9 a month earlier. This was the lowest reading since April as private sector activity contracted at the second-fastest on record, while service sectors shrank at the fastest pace for three months, following the reimposing lockdown measures to tackle the COVID-19 pandemic hit the economy. Output and new orders fell markedly following a slight uptick in the previous survey period amid reports of business closures and muted client demand, while the rate of job shedding accelerated to the fastest on record. On the price front, input prices increased further while output prices were broadly stagnant. Looking ahead, business sentiment remained positive.
Composite Pmi in Kazakhstan averaged 41.16 points from 2019 until 2020, reaching an all time high of 49.90 points in June of 2020 and a record low of 15.30 points in April of 2020. This page provides - Kazakhstan Composite PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Kazakhstan Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Markit Economics
Composite 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. Looking forward, we estimate Composite Pmi in Kazakhstan to stand at 49.00 in 12 months time. In the long-term, the Kazakhstan Composite PMI is projected to trend around 49.00 points in 2021 and 50.00 points in 2022, according to our econometric models.