Kazakhstan PMI Services

The Freedom Holding Corp. Kazakhstan Services PMI edged down to 50.2 in February 2025 from 51.3 in January, indicating only fractional growth in the services sector. Business activity and new orders continued to rise, but at a slower pace, marking the weakest growth in four months. Moreover, new business growth remained marginal, as firms noted that stronger demand and new projects were partially offset by increasing competition. Meanwhile, employment continued to expand for the sixth consecutive month, though at a slower pace than in January. On the price front, inflationary pressures intensified, with input costs rising at the fastest rate in 11 months, driven by higher wages and general cost increases. In response, service providers raised their prices at the quickest pace since early 2024. Despite these challenges, business confidence climbed to an 11-month high, with firms optimistic about rising demand, planned investments, and the launch of new services in the coming year.