The Freedom Holding Corp. Kazakhstan Manufacturing PMI® (Purchasing Managers’ Index™) hit a fresh survey record for the second month running in December, rising to 53.9 from 53.5 in November. The index varies between 0 and 100, with a reading above 50 indicating an increase and below 50 a decrease.
Why is business activity in the manufacturing sector growing?
According to analysts, the record-high rate reflects record increases in new orders and manufacturing production. Staffing levels increased modestly, but sustained job creation has been recorded since March, with firms often highlighting the securing of workers on a full-time basis at the...