Kazajstán PMI Manufacturero

The S&P Global Kazakhstan Manufacturing PMI climbed to 53.5 in November 2024, setting a record high, up from a three month-low of 51.7 in the previous month. This was also the ninth consecutive month of expansion in factory activity, fueled by record-breaking growth in new orders, robust increases in output, and accelerated purchasing activity. Firms also expanded capacity by hiring more staff and boosting input procurement. Despite these gains, manufacturers faced persistent logistical issues, border delays, and currency depreciation, driving up input costs sharply and pushing output prices higher for the 15th consecutive month. Additionally, stocks of finished goods and purchases declined as resources were redirected to meet surging demand. Despite these challenges, business confidence remained solid, with 44% of firms expecting higher production in the year ahead, although optimism eased slightly from October.