The Freedom Holding Corp. PMI Business Activity Index fell from 54.0 in July to 52.0 in August, signaling a solid but weaker increase in service sector activity — the slowest since April. Growth has nonetheless been recorded for eight consecutive survey periods.
According to Yerlan Abdikarimov, director of the Financial Analysis Department at Freedom Finance Global PLC, rising cost inflation is complicating demand conditions.
«Current business activity and 12-month expectations remain in the optimistic zone. At this stage, services are the key buffer supporting the economy, while manufacturing has fallen deeper into contraction. The sector’s outlook...