The World Bank has published a monthly economic update for Kazakhstan for December, reviewing trends in business activity, inflation, and trade dynamics.
Purchasing Managers’ Index (PMI) for manufacturing contracts decreased to 48 points from 50.3 points in October. Services PMI also dropped to 49.2, indicating weakening activity in both sectors. Real GDP grew to 4.9% in January-September, but quarterly data showed a deceleration, with a 4.1% growth year-over-year in the third quarter.
Inflation reached the lowest rate in over a year at 9.8% in December, as food price growth slowed to 9.8%, with monthly changes aligning with historical averages.—Astana Times
