ASTANA, Kazakhstan, February 4. In January 2025, business activity in Kazakhstan slowed down, but the index is still in positive territory, having reached 50.2 since February of last year, Trend reports via Kazakhstan’s National Bank.
"The slowdown was due to reduced business activity in manufacturing and services, which dropped to 49.9 and 49.7, respectively (from 50.4 and 50.2 in December 2024), where the index shifted into negative territory. The indicator remained positive only in trade and construction, registering 51.6 and 51.2, respectively (from 52.1 and 53.9 in December 2024). In the mining industry, despite a slight increase to 49.9 (from 48.3), the index remains in negative territory," noted the National Bank.
In the mining industry, despite a slight rise from 48.3 to 49.9, the index remains in negative territory.
"The business climate index in January 2025 showed improvement. Assessments of both current and future business conditions improved. As a result, the business climate index increased to 12.8. The 'hours' indicator of the business cycle remains in the growth zone," the statement said.
Demand for products from enterprises grew, with the highest demand noted in construction. Overall demand across the economy shows growth, but sectoral changes were mixed.
To note, BAI (Business Activity Index) is an indicator that characterizes the state of the economy in the real sector, allowing for the examination of economic trends, critical points, and turning points in the business cycle. BAI is based on the results of a monthly survey of enterprises conducted by the National Bank of Kazakhstan and includes a set of responses from enterprises to questions about actual changes in their economic indicators and expectations for future changes.