The Tengri Partners Kazakhstan Manufacturing PMI declined to 48.8 in November 2020 from 50.8 in the previous month, signalling a renewed deterioration in the health of the manufacturing sector, amid quarantine measures to contain the coronavirus pandemic. Output contracted for first time since June, due to weak demand conditions. Also, new orders declined for first time since July, with the rate of contraction was much softer than that seen at the height of restrictions in April, while the rate of job shedding quickened. At the same time buying activity declined for the first time in six months. On the price front, input cost inflation accelerated to the quickest rate since June, due to higher prices at supplier, as well as unfavourable exchange rates. Meantime, selling prices also rose at the fastest pace since August. Looking ahead, business sentiment weakened to a seven-month low, with some respondents citing concerns about the longevity and economic impact of the pandemic. source: Markit Economics
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 December of 2020.
Manufacturing Pmi in Kazakhstan is expected to be 50.80 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 53.00 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.