Continued success in securing new orders helped lead to a further improvement in the health of Kazakhstan’s manufacturing sector in May. While new order growth remained solid, there were slowdowns in the rates of expansion of output, employment and purchasing activity, according to Freedom Holding Corp.
On the price front, unfavorable currency fluctuations led to a sharp rise in input costs, while competitive pressures limited the pace of output price inflation. The Freedom Holding Corp. Kazakhstan Manufacturing PMI® (Purchasing Managers’ Index™) registered 51.3 in May, broadly in line with the reading of 51.2 in April.
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