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.

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Kazakhstan Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
52.80 52.20 52.80 12.60 2019 - 2021 points Monthly

Kazakhstan Business Last Previous Highest Lowest Unit
Business Confidence 6.00 2.00 15.00 -2.00 points [+]
Industrial Production 3.60 3.00 23.30 -9.60 percent [+]
Industrial Production Mom -2.60 -3.30 17.90 -18.70 percent [+]
Manufacturing Production 5.30 8.30 35.30 -18.10 percent [+]
Changes in Inventories 2702989.00 2469807.00 2702989.00 -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 5.00 11.70 15.40 -11.70 percent [+]
Manufacturing PMI 50.60 50.70 52.90 39.30 points [+]
Mining Production 0.90 -4.60 30.00 -15.90 percent [+]
Steel Production 355.00 330.00 529.00 56.00 Thousand Tonnes [+]
Services PMI 52.80 52.20 52.80 12.60 points [+]
Competitiveness Index 62.94 61.80 62.94 4.07 Points [+]
Competitiveness Rank 55.00 59.00 72.00 42.00 [+]
Composite PMI 52.20 51.70 52.80 15.30 points [+]
Car Registrations 3828527.00 3849901.00 4047767.00 3021947.00 [+]
Cement Production 1382.90 1146.10 1382.90 196.90 Thousands of Tonnes [+]
Copper Production 43552.00 41041.00 43837.00 17401.00 Tonnes [+]
Ease of Doing Business 25.00 28.00 64.00 25.00 [+]
Corruption Index 38.00 34.00 38.00 21.00 Points [+]
Corruption Rank 94.00 113.00 150.00 65.00 [+]

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.