The Tengri Partners Kazakhstan Manufacturing PMI decreased to 48.0 in July 2020 from 52.9 in the previous month, pointing the first contraction in the manufacturing sector in three months, as the reintroduction of lockdown measures in some cities to curb the coronavirus crisis. Output shrank at the second-fastest pace on record, while new orders contracted slightly. At the same time, firms continued to cut jobs, with employment dropping at the most marked rate on record. On the price front, cost continued to rise due to higher prices of raw material, as well as unfavourable exchange rates and higher prices at suppliers. The rate of increase was the slowest for four months, albeit still sharp. At the same time, output charges rose for the thirteenth successive month, and the slowest since January. Looking ahead, business sentiment strengthened amid optimism to improving sales forecasts and hopes of an economic recovery.
Manufacturing Pmi in Kazakhstan averaged 48.40 points from 2019 until 2020, reaching an all time high of 49.90 points in November of 2019 and a record low of 47.10 points in January of 2020. This page provides - Kazakhstan Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Kazakhstan Manufacturing Pmi - values, historical data and charts - was last updated on August of 2020. source: Markit Economics
Manufacturing Pmi in Kazakhstan is expected to be 55.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Kazakhstan to stand at 49.00 in 12 months time. In the long-term, the Kazakhstan Manufacturing Pmi is projected to trend around 51.00 points in 2021 and 50.00 points in 2022, according to our econometric models.