哈萨克斯坦股票指数 (KASE) 加自选

初步估计显示，2024年第四季度，哈萨克斯坦的经常账户赤字从去年同期的23亿美元扩大到29亿美元。贸易顺差从一年前的52亿美元大幅收窄至29.3亿美元，而服务短缺从5亿美元增至5.2亿美元。另一方面，一级收入差距从67.3亿美元降至50.5亿美元，二级收入赤字从67.3万亿美元降至2.6亿美元。

Kazakhstan’s current account deficit widened to USD 2.9 billion in the fourth quarter of 2024, up from USD 2.3 billion in the corresponding period of the previous year, preliminary estimates showed. The trade surplus narrowed significantly to USD 2.93 billion from USD 5.2 billion a year earlier, while the services shortfall increased to USD 0.52 billion from USD 0.5 billion. On the other hand, the primary income gap decreased to USD 5.05 billion from USD 6.73 billion, as well as the secondary income deficit to USD 0.26 billion from USD 6.73 billion.

2024年1月，哈萨克斯坦的工业生产同比增长2.3%，较上月3.8%的增长有所放缓。这标志着工业活动连续第三个月增长，但增速最慢，因为制造业产出大幅放缓（12月为3.7%对12.4%）。与此同时，电力、天然气、蒸汽、热水和空调（-0.7%对4.2%）以及供水和废物管理（-5.6%对-0.6%）的产量均有所下降。与此同时，采矿和采石活动恢复（1.3%对-3.9%）。按月计算，工业产出下降了13.8%，低于前一时期7.9%的增长。

Industrial production in Kazakhstan rose by 2.3% year-on-year in January 2024, easing from a 3.8% increase in the previous month. This marked the third consecutive month of growth in industrial activity but the softest pace in the sequence, as output sharply slowed for manufacturing (3.7% vs 12.4% in December). At the same time, production declined for both electricity, gas, steam, hot water, & air conditioning (-0.7% vs 4.2%) and water supply and waste management (-5.6% vs -0.6%). Meanwhile, activity recovered for mining and quarrying (1.3% vs -3.9%). On a monthly basis, industrial output dropped by 13.8%, slipping from a 7.9% rise in the prior period.

自由控股公司哈萨克斯坦服务业采购经理人指数从12月的49.7升至2025年1月的51.3，标志着服务业恢复增长。这标志着自2024年7月以来商业活动最强劲的月度扩张，这得益于新订单和就业的稳步增长。新业务增长达到六个月来的最高点，这得益于需求的改善、成功的营销努力和新服务的推出。反过来，就业人数出现了自2022年8月以来的最强劲增长，标志着连续第五个月的工资增长。尽管出现了这种新的增长，但通胀压力加剧，在原材料和物流成本上升以及货币波动的推动下，投入成本和产出价格的上涨速度比12月更快。展望未来，商业乐观情绪达到十个月来的最高点，企业对2025年的持续增长充满信心，这得益于对需求增长、新项目和地缘政治环境改善的预期。

The Freedom Holding Corp. Kazakhstan Services PMI rose to 51.3 in January 2025, up from 49.7 in December, signaling a return to growth in the services sector. This marked the strongest monthly expansion in business activity since July 2024, driven by a solid rise in new orders and employment. New business growth reached a six-month high, supported by improving demand, successful marketing efforts, and the introduction of new services. In turn, employment posted its strongest rise since August 2022, marking a fifth consecutive month of payroll expansion. Despite this renewed growth, inflationary pressures intensified, with input costs and output prices rising at a faster pace than in December, driven by higher raw material and logistics costs as well as currency fluctuations. Looking ahead, business optimism reached a ten-month high, with firms confident in sustained growth for 2025, supported by expectations of rising demand, new projects, and an improving geopolitical climate.

自由控股公司哈萨克斯坦制造业采购经理人指数从12月的峰值53.9降至2025年1月的51.5，标志着工厂活动连续第11个月增长。产出和新订单都有所放缓，而购买活动仍然显著。与此同时，人员配备水平在第11个月有所上升，尽管幅度不大。由于材料短缺，积压的工作在六个月内首次增加。交付时间接近稳定，在2019年12月以来的当前恶化序列中，交付时间略有延长，且程度最小。在成本方面，由于货币疲软以及原材料和电力价格上涨，投入成本通胀连续第三个月加速，达到去年8月以来的最高水平。产出价格继续上涨，但通胀速度放缓至2024年6月以来的最低水平。最后，受即将签署的新合同和计划扩大生产的推动，市场情绪触及7个月高点，高于系列平均水平。

The Freedom Holding Corp. Kazakhstan Manufacturing PMI fell to 51.5 in January 2025 from December's peak of 53.9, marking the 11th straight month of growth in factory activity. Both output and new orders slowed while buying activity remained marked. Simultaneously, staffing levels rose for the 11th month, albeit modestly. Backlogs of work increased for the first time in six months, due to material shortages. Delivery times neared stabilization, lengthening a bit and to the least extent in the current sequence of deterioration since December 2019. On the cost front, input cost inflation accelerated for the third month and reached the highest since last August, on currency weakness and higher prices for raw materials and electricity. Output prices continued to rise, but the pace of inflation eased to the weakest since June 2024. Finally, sentiment touched a 7-month peak, above the series average, boosted by the imminent signing of new contracts and the planned expansion of production.