The headline Freedom Holding Corp. PMI Business Activity Index fell for a third straight month to 50.8 in September, down from 52.0 in August. The headline figure pointed to only a mild rise in activity and one which was the weakest since March. Nonetheless, expansions have now been noted in each month since the turn of the year.
According to Erlan Abdikarimov, head of the Financial Analysis Department at Freedom Finance Global Plc., in September, growth in business activity and new orders in Kazakhstan’s service sector remained positive, although the pace slowed noticeably compared with previous months.