The Tengri Partners Kazakhstan Services PMI increased to 52.8 in May of 2021 from 52.2 in the previous month. The latest reading indicated a fourth successive monthly expansion in service sector activity and the joint-quickest on new record. New orders growth accelerated to the second-fastest upturn in the survey's history, while output continued to grow, amid reports of improved in client demand. Meanwhile, employment declined, following a slight uptick in April, although the rate of job shedding was only fractional overall. On the price front, input prices advanced, the rate of increase in average input prices was still among the fastest on record and steep overall, despite easing from April's recent record, due to a faster rise in prices of materials, fuel, and utilities. As a result, output charge inflation accelerated to the fastest on record. Looking ahead, business sentiment remained positive, due to hopes of an economic rebound and further improvements in client demand. source: Markit Economics
Services PMI in Kazakhstan averaged 44.67 points from 2019 until 2021, reaching an all time high of 52.80 points in May of 2021 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 June of 2021.
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 50.00 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.