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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
KazakhstanKazakhstan Tengri Partners Services PMI fell to 50.5 in May 2024
FMPMonthlyReleased June 2024
Kazakhstan Tengri Partners Services PMI fell to 50.5 in May 2024, released June 2024, down 0.2 from April's 50.7 reading. The reading matched the 50.5 consensus. Tengri Partners Services PMI has now declined for 3 consecutive months. Over the past 3 months, Tengri Partners Services PMI averaged 50.85, vs 49.9 in the prior 3-month window.
Latest Release
50.5
Actual
50.5
Consensus
50.7
Previous
Median Absolute Error
±1.35
across last 7 releases
Last Call
Jun 2024
Predicted: 50.95
Actual: 50.5
Error: +0.45
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
Tengri Partners Services PMI (Kazakhstan) was reported at 50.50 in June 2024. This matched the market consensus of 50.50 exactly. The reading fell from the previous value of 50.70.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 50.73, up from the prior three at 49.90.
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 7 releases, the Sigmacast model's median absolute error is 1.35.
Auto-generated from current model state · Refreshes on each release · Last update June 2024.
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Tengri Partners Services PMI - KZ
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About Tengri Partners Services PMI — Kazakhstan
DEFINITION
Tengri Partners Services PMI is a leading financial indicator that measures the performance of the services sector in Kazakhstan. It provides valuable insights into the country's economic health and growth potential by tracking changes in business activity, new orders, employment, and prices. This indicator is highly regarded by investors, policymakers, and businesses as a reliable tool for making informed decisions and staying ahead of market trends. With its timely and accurate data, Tengri Partners Services PMI is an essential resource for understanding the current and future state of the services industry in Kazakhstan.
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 (May 2024): actual 50.5, consensus 50.5. Prior reading (Apr 2024): 50.7. Before that (Mar 2024): 51.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.