The Freedom Holding Corp. Kazakhstan Manufacturing PMI® (Purchasing Managers’ Index™) posted 49.0 in November, remaining below the 50.0 no-change mark for the sixth month running and therefore signaling a deterioration in the health of the manufacturing sector. That said, the latest reading was up from 48.3 in October and pointed to only a slight worsening of business conditions.
Last month, production, new orders and purchasing activity all fell at slower rates than in October, but the pace of reduction in employment intensified amid reports of difficulties sourcing qualified staff. The easing of the sector’s downturn reflected softer reductions...