/KASE, February 10, 2022/ – Tengri Partners Investment Banking (Kazakhstan)
(Almaty) has provided Kazakhstan Stock Exchange (KASE) with Purchasing
Managers' Index (PMI) of manufacturing and services sectors of Kazakhstan for
January 2022.
Below are comments of Anuar Ushbaev, Managing Partner and Investment
Director of Tengri Partners Investment Banking (Kazakhstan) JSC.
- Kazakhstan's manufacturing PMI:
"The state of emergency in the first half of January clearly had a big impact on
the ability of manufacturers to operate and led to a particularly difficult
month in terms of securing new orders from customers, being able to maintain
production and securing materials from suppliers.
"With the state of emergency having come to an end, firms will be hoping for an
improvement in conditions in February and beyond. In line with this, confidence
around the outlook for production hit a seven-month high".
- Kazakhstan's services PMI:
"Service providers recorded a steep decline in business activity and new work
during January as the state of emergency impacted companies' ability to operate
and stifled demand. With a similar trend observed in the goods producing sector,
private sector output overall fell sharply in January.
"That said, private sector firms are optimistic of a rebound with the state of
emergency having ended. Sentiment towards activity over the next year hit a
nine-month high in January, with survey respondents noting that they expect a
strong economic recovery in the next 12-months, due also in part to expectations
that COVID-19 restrictions will ease and demand will pick up".
The reviews are available on KASE website:
-
https://kase.kz/ru/pmi-indicator/ – in Russian;
-
https://kase.kz/en/pmi-indicator/ – in English.
[2022-02-10]