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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
KazakhstanKazakhstan Business Confidence fell to 1 in October 2024
FMPMonthlyReleased January 2025
Kazakhstan Business Confidence fell to 1 in October 2024, released January 2025, down 1 from September's 2 reading. The reading missed the 3 consensus by 2. Business Confidence has now declined for 3 consecutive months. Business Confidence is now the lowest in 8 months.
Latest Release
1
Actual
3
Consensus
2
Previous
Median Absolute Error
±0.75
across last 6 releases
Last Call
Jan 2025
Predicted: 3
Actual: 1
Error: +2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Business Confidence (Kazakhstan) was reported at 1.00 in January 2025. This missed the market consensus of 3.00 by 2.00. The reading fell from the previous value of 2.00.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 3.00, up from the prior three at 2.00.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 6 releases, the Sigmacast model's median absolute error is 0.75.
Auto-generated from current model state · Refreshes on each release · Last update January 2025.
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Business Confidence - KZ
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About Business Confidence — Kazakhstan
DEFINITION
Business Confidence is a financial indicator that measures the level of optimism or pessimism among business owners and managers about the current and future state of the economy. It is often used as a gauge of overall economic health and can impact investment decisions, hiring practices, and consumer spending. A high level of business confidence indicates a positive outlook and potential for growth, while a low level may signal caution and potential economic downturn. This indicator is closely monitored by economists, policymakers, and investors to assess the overall sentiment and potential direction of the business sector.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2024): actual 1, consensus 3. Prior reading (Jul 2024): 2. Before that (Apr 2024): 6.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.