The Tengri Partners Kazakhstan Manufacturing PMI declined to 45.6 in January 2021 from 46.9 in the previous month, signaling the steepest contraction in the sector since last April, amid quarantine measures to contain the coronavirus pandemic. Both output and new orders shrank at the fastest pace since April last year, due to weak demand. Also, employment declined further, with the rate of job shedding the fastest in the current four-month sequence. At the same time, buying activity fell further, with the rate of decline was the quickest in the current three-month sequence. On the price front, input cost rose at the second-fastest rate on record, due to higher prices at the supplier and higher transport fees. As a result, selling prices rose at the fastest pace since the data began in March 2019. Looking ahead, business sentiment improved to the strongest since February 2020, due to hopes of rising demand and an improvement in the pandemic situation. 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 February of 2021.
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.