In April, the Business Activity Index across Kazakhstan’s service sector rose to 51.4, according to Freedom Holding Corp. By comparison, the index stood at 50.3 in March.
Growth in activity has been recorded in each month since the beginning of the year, with the latest increase being the most significant in nine months. According to surveyed representatives of the sector, the growth was primarily driven by inflow of new orders, with the latest expansion being the fastest in a year and a half.
Respondents attributed the increase to improving underlying demand trends, successful marketing campaigns, new client acquisitions and the...