Business activity index in Kazakhstan climbed into positive territory for the first time since the beginning of 2020

According to the results of the estimates obtained, the business activity index in March is shifted into the positive territory, amounting to 50.6 (in February this year it was 49.0). The indicator exceeded the threshold value (50) for the first time since the beginning of 2020. Director of the Monetary Policy Department of the National Bank of the Republic of Kazakhstan Zhandos Shaimardanov said this.

The increase in the index was largely due to the increase in the service and industrial sectors, where it rose to 51.2 and 50.2, respectively (49.2 and 49.0 in February, respectively). At the same time, the indicator in construction fell to 46.5 (47.4 in February).

In the context of regions, in March in 10 regions there was an improvement in business activity, in 7 regions there was a deterioration. The highest level of business activity was noted in the North Kazakhstan (60.9) and Kostanay (56.9) regions, the lowest was noted in the Turkestan region (42.3).

Enterprises of the real sector assessed the current business environment in March positively: the balance of answers between positive and negative assessments was 1.5 (in February it was 0.4).

According to enterprises, the demand for products and services was improved, especially for industrial and service enterprises. Enterprises in the construction sector reported a slight decrease in demand. Infrastructure, access to finance and credit generally were improved slightly. The tax burden and business protection issues remain to be the factors that have a negative impact on the business environment.

The optimism of enterprises regarding business conditions for the next 6 months decreased slightly: the assessment of future conditions amounted to 18.6 (in February it was 24.0). As a result, in March the business climate index amounted to 9.9 (in February it was 11.9).

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