The Tengri Partners Kazakhstan Services PMI increased to 48 in June 2020 from 41.1 in the previous month, pointing to the thirteenth straight month of contraction in the sector though much softer, and the lowest since September 2019 as the loosening of restrictions implemented to tackle the pandemic. Both output and new orders contracted at a slower pace. Meanwhile, the rate of job shedding accelerated to the fastest in the 16-month series history and solid overall. On the price front, input prices increased at a softer pace, while selling prices reported unchanged, following a slight increase in the prior month. Finally, sentiment climbed to a four month high, amid reports of increased confidence in a post pandemic recovery.

Services Pmi in Kazakhstan is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Pmi in Kazakhstan to stand at 48.00 in 12 months time. In the long-term, the Kazakhstan Services Pmi is projected to trend around 49.00 points in 2021 and 50.00 points in 2022, according to our econometric models.

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Kazakhstan Services Pmi

Actual Previous Highest Lowest Dates Unit Frequency
48.00 41.10 48.00 12.60 2019 - 2020 points Monthly
SA

Kazakhstan Business Last Previous Highest Lowest Unit
Business Confidence -1.00 2.00 15.00 -2.00 points [+]
Industrial Production -5.60 0.50 23.30 -7.80 percent [+]
Industrial Production Mom 3.70 -11.20 17.90 -18.70 percent [+]
Manufacturing Production 1.70 7.60 35.30 -18.10 percent [+]
Changes in Inventories 366065.00 2594937.00 2594937.00 -64693.00 KZT Million [+]
Internet Speed 10581.80 8955.15 10581.80 397.87 KBps [+]
IP Addresses 1522517.00 1528598.00 1954834.00 108535.00 IP [+]
Leading Economic Index -3.20 -6.30 15.40 -8.20 percent [+]
Competitiveness Index 62.94 61.80 62.94 4.07 Points [+]
Competitiveness Rank 55.00 59.00 72.00 42.00 [+]
Composite Pmi 49.90 42.50 49.90 15.30 points [+]
Car Registrations 3884421.00 3932437.00 4047767.00 3021947.00 [+]
Cement Production 1131.10 1011.70 1214.80 196.90 Thousands of Tonnes [+]
Copper Production 39932.00 43837.00 43837.00 17401.00 Tonnes [+]
Ease of Doing Business 25.00 28.00 64.00 25.00 [+]
Corruption Index 34.00 31.00 34.00 21.00 Points [+]
Corruption Rank 113.00 124.00 150.00 65.00 [+]
Steel Production 235.00 250.00 529.00 56.00 Thousand Tonnes [+]
Services Pmi 48.00 41.10 48.00 12.60 points [+]
Mining Production 9.10 5.60 30.00 -15.90 percent [+]
Manufacturing Pmi 48.00 52.90 52.90 39.30 points [+]


Kazakhstan Services Pmi
The Tengri Partners Kazakhstan Services PMI® is compiled by IHS Markit from responses to questionnaires sent to a panel of around 250 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Survey responses are collected in the second half of each month and indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The indices are then seasonally adjusted.