The Tengri Partners Kazakhstan Services PMI increased to 45.9 in January of 2021 from 44.1 in December 2020, signaling a softer rate of contraction, amid ongoing quarantine measures. Both business activity and new work declined at the slowest pace in the three months. At the same time, employment continued to decrease, with the rate of job shedding little-changed on the month and solid over all. On the price front, input prices rose for the sixth month running, amid reports of greater fuel and utility costs. Meanwhile, output charge inflation accelerated at the quickest rate in the series short history, and moderately overall. Looking ahead, business sentiment improved to the strongest since the series began in March 2019, due to hopes of looser quarantine restrictions and a surge in client demand. source: Markit Economics
Services PMI in Kazakhstan averaged 42.75 points from 2019 until 2021, reaching an all time high of 52.20 points in September of 2020 and a record low of 12.60 points in April of 2020. This page provides - Kazakhstan Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Kazakhstan Services PMI - values, historical data and charts - was last updated on March of 2021.
Services PMI in Kazakhstan is expected to be 48.00 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 49.00 in 12 months time. In the long-term, the Kazakhstan Services PMI is projected to trend around 50.00 points in 2022, according to our econometric models.