Kazakhstan Stock Exchange : KASE publishes on own Internet resource S&P Global PMI reviews of manufacturing and service sectors of Kazakhstan for April

KASE publishes on own Internet resource S&P Global PMI reviews of manufacturing and service sectors of Kazakhstan for April

13.05.24 17:17

/KASE, May 13, 2024/ - Tengri Partners Investment Banking (Kazakhstan) JSC (Almaty) has provided Kazakhstan Stock Exchange (KASE) with S&P Global PMI reviews of the manufacturing and service sectors of Kazakhstan for April 2024. Below are comments of Andrew Harker, Economics Director at S&P Global Market Intelligence, and Maryam Baluch, Economist at S&P Global Market Intelligence. - Kazakhstan's manufacturing PMI: "The Kazakhstan manufacturing sector remained in growth mode during April as flooding in the country acted to limit rather than prevent further expansions in output and new orders. In some cases, however, competitive pricing was needed in order to secure sales. "Optimism around the future path of output gave firms the optimism to continue expanding workforce numbers and purchasing activity as they looked to prepare for further rises in workloads ahead". - Kazakhstan's services PMI: "Kazakh service firms registered gains at the start of the second quarter. Growth in new business and activity was sustained, albeit the rates of increase eased slightly from those seen in March. Price gauges signalled subdued inflationary pressures. Cost burdens rose at a softer pace, allowing some firms to offer more competitive rates to their clients. However, April data highlighted the difficulties firms faced in retaining staff, with voluntary resignations being a key driver of the latest drop in employment. "Finally, service providers were generally upbeat regarding the outlook for activity in the coming year. That said, expectations weakened to an 11-month low". The reviews are available on KASE website: - https://kase.kz/ru/pmi-indicator/ - in Russian; - https://kase.kz/en/pmi-indicator/ - in English. [2024-05-13]