The Kazakhstan Stock Exchange has published its latest Purchasing Managers' Index (PMI) review for April 2025. According to the data presented, the index remains positive overall, indicating that the real sector of the country's economy continues to perform well.

In April, the PMI continued to grow, remaining above the threshold value of 50 points, which separates the expansion of business activity from its decline. The most stable growth rates were recorded in manufacturing, where the index stood at 52.9 (compared to 54 in March), and in trade, where it remained unchanged from the previous month at 51.1.

In the services sector, which stagnated in March, the situation began to improve: the index rose to 49.9 from 48.9, approaching the neutral zone. However, the sector has not yet been able to move into positive territory.

The worst situation is in construction and mining, where the indices fell to 48.7 and 48.5, respectively. Both sectors saw a decline in new orders, which may indicate cooling demand or a slowdown in project implementation.

Experts at the National Bank note that, given the unstable external environment, current IDA levels demonstrate the stability of the economy, especially against the backdrop of continued activity in key areas such as manufacturing and trade.