KASE posts on own website April review of PMI of Kazakhstan's service sector by Freedom Holding Corp.

06.05.25 15:33
/KASE, May 6, 2025/ – Freedom Holding Corp. has provided Kazakhstan Stock Exchange (KASE) with a review of the Purchasing Managers' Index (PMI) of Kazakhstan's service sector for April 2025. Below are comments from Yerlan Abdikarimov, Director of the Financial Analysis Department of Freedom Finance Global PLC (a 100% subsidiary of Freedom Holding Corp.). "In April, the steady growth of business activity in the services sector of Kazakhstan, driven by a rapid increase in new orders, was accompanied by cost optimization and restructuring of operations at a number of companies. Consequently, the staff reductions that began in the previous month continued, and companies increasingly adopted strategies to transfer the burden of growing costs and market risks to their service prices. These trends point to signs of intensifying competition, under which companies are striving to balance increasing demand with cost control. Expectations for the next 12 months have been moderately adjusted following a surge in confidence in February and March. Notably, expectations remained historically strong, signalling sustained optimism within the sector". Review in Kazakh – https://kase.kz/uploads/KZ_Services_KAZ_2504_PR_a1021f8a8f.pdf Review in Russian – https://kase.kz/uploads/KZ_Services_RUS_2504_PR_bb83287fc5.pdf Review in English – https://kase.kz/uploads/KZ_Services_ENG_2504_PR_e07c16e087.pdf [2025-05-06]