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Poland’s PMI rises 1.4 points to 48 in September
9 hours ago
Kazakhstan’s manufacturing sector continued to weaken in September with output declining at the sharpest rate since December 2023, according to the latest Purchasing Managers’ Index (PMI) data released by Freedom Holding and S&P Global.
The index rose to 49.2 in September from 47.9 in August, but remained below the 50.0 no-change threshold, signalling a fourth straight month of contraction.
Production fell for the fourth month in a row, offsetting a modest rebound in new orders. Firms cut employment and purchasing, relied on existing inventories and faced rising backlogs of work.
Inflationary pressures, however, eased compared to the previous month.
Yerlan Abdikarimov, director of the financial analysis department at Freedom Finance Global: "September showed mixed dynamics in Kazakhstan’s manufacturing sector. While new orders returned to growth, output declined at a faster pace. The situation was driven by depleted inventories, weak procurement amid logistics constraints, workforce reductions, and exchange rate pressures.
"Inflation is easing but still limits pricing strategies and financial capacity of enterprises. Amid rising demand, year-ahead expectations improved compared to the previous month.”
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