哈萨克斯坦股票指数 (KASE) 加自选

哈萨克斯坦服务业采购经理人指数从9月的51.1降至2024年10月的49.0，表明在短暂扩张后再次出现收缩。下降的原因是需求减弱，因为新业务面临着竞争加剧和客户活动减少的挑战。因此，商业活动也出现了下滑，扭转了之前的显著增长。与此同时，就业继续增长，尽管速度较慢，标志着连续第二个月创造了适度的就业机会。在价格方面，成本压力显著缓解，投入价格以2019年3月以来的最低速度上涨，这主要是由于稳定的公用事业成本。这使得服务提供商能够以最低的价格提高收费。展望未来，乐观情绪仍略有上升，因为尽管最近需求波动，但公司预计将获得新合同并加大营销力度。

The Kazakhstan Services PMI dropped to 49.0 in October 2024 from 51.1 in September, indicating a return to contraction following a brief expansion. The decline was driven by weakened demand, as new business faced challenges from increased competition and reduced customer activity. Consequently, business activity also saw a downturn, reversing previous significant gains. Meanwhile, employment continued to grow, albeit at a slower pace, marking the second consecutive month of modest job creation. On the price front, cost pressures eased significantly, with input prices rising at one of the lowest rates recorded since March 2019, largely due to stable utility costs. This allowed service providers to increase their charges at a minimal rate. Looking forward, optimism remains slightly elevated, as firms anticipate securing new contracts and ramping up marketing efforts despite recent demand fluctuations.

初步估计显示，哈萨克斯坦的经常账户在2024年第三季度录得3.3亿美元的盈余，而上一季度同期为16.5亿美元的赤字。主要收入（53.4亿美元对2023年第三季度的61.6亿美元）、服务（3.4亿美元对4.4亿美元）的缺口大幅下降，次要收入（1.9亿美元对2.5亿美元）略有收窄。此外，贸易顺差从去年同期的52亿美元增至62亿美元。

Kazakhstan’s current account recorded a surplus of USD 0.33 billion in the third quarter of 2024, shifting from a deficit of USD 1.65 billion in the corresponding period of the previous quarter, preliminary estimates showed. The shortfall declined significantly for primary income (USD 5.34 billion vs USD 6.16 billion in Q3 2023), services (USD 0.34 billion vs USD 0.44 billion), and slightly narrowed for secondary income (USD 0.19 billion vs USD 0.25 billion). Additionally, the trade surplus increased to USD 6.2 billion from USD 5.2 billion a year earlier.

标准普尔全球哈萨克斯坦制造业采购经理人指数从9月的52.3降至2024年10月的51.7，这表明商业环境自7月以来出现了最温和的改善。在需求改善的情况下，产量和新订单都有所增加，尽管有一些增长疲软的迹象。企业的应对措施是增加采购活动和员工数量，后者的速度比9月份快。积压的工作大幅下降，这是自去年11月以来的最大降幅。由于投入被用于支持生产，采购库存也下降。与此同时，由于地缘政治问题、海关程序和一般物流问题，供应商的交货时间继续延长。在价格方面，投入成本通胀连续第二个月放缓，而产出价格通胀也有所缓解。最后，商业信心提高到三个月来的最高点，近一半的受访者预计未来一年产量会增加。

The S&P Global Kazakhstan Manufacturing PMI dropped to 51.7 in October 2024, down from 52.3 in September and pointing to the softest improvement in business conditions since July. Output and new orders both increased amid demand improvements, although there were some signs of growth softening. Firms responded by increasing their purchasing activity and staff numbers, the latter at a faster pace than in September. Backlogs of work declined significantly, marking the sharpest reduction since November last year. Stocks of purchases were also down as inputs were used to support production. Meanwhile, suppliers' delivery times continued to lengthen amid geopolitical issues, customs procedures, and general logistical issues. On prices, input cost inflation slowed for the second month, while output price inflation also eased. Lastly, business confidence improved to a three-month high, with nearly half of respondents expecting increased output over the coming year.

2024年10月，哈萨克斯坦的年通货膨胀率从上个月的三年多来的低点8.3%上升到8.5%。付费服务（14.3%对9月份的13.6%）和非食品（7.8%对7.6%）的通货膨胀率较高。相比之下，食品价格的增长速度较慢（4.9%对5.1%）。按月计算，消费者价格指数上涨0.9%，为2月以来的最大涨幅，较前一时期0.4%的涨幅有所加快。

The annual inflation rate in Kazakhstan rose to 8.5% in October 2024, up from an over three-year low of 8.3% in the previous month. Inflation came in higher for paid services (14.3% vs 13.6% in September), and non-food products (7.8% vs 7.6%). In contrast, prices grew at a slower pace for food products (4.9% vs 5.1%). On a monthly basis, consumer prices rose 0.9%, the sharpest growth since February, and accelerating from a 0.4% increase in the preceding period.