The Stanbic Bank Kenya PMI increased to 53.7 in December of 2021 from 51.4 in the previous month. The latest reading marked the strongest expansion in the private sector since October 2020. Output growth accelerated at the fastest rate since the beginning of 2021, while new orders grew at the fastest pace since October 2020, and purchasing activity continued to increase. Employment rose modestly from November's two-year high, with lower their backlogs of work for a second month in a row. On the price front, input costs inflation eased to a three-month low, while output price inflation softened for the first time in four months and was the least marked since September. Lastly, business confidence weakened to an eight-year low, amid record-high COVID-19 cases. source: Markit Economics

Manufacturing PMI in Kenya averaged 51.68 points from 2014 until 2021, reaching an all time high of 59.10 points in October of 2020 and a record low of 34.40 points in October of 2017. This page provides - Kenya Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Kenya Stanbic Bank PMI - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Manufacturing PMI in Kenya is expected to be 52.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kenya Stanbic Bank PMI is projected to trend around 53.50 points in 2022 and 55.00 points in 2023, according to our econometric models.

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Kenya Stanbic Bank PMI


Kenya Stanbic Bank PMI
In Kenya, the CfC Stanbic Bank Purchasing Managers' Index measures the performance of agriculture, mining, manufacturing, services, construction and retail sectors and is derived from a survey of 400 companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of activity compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
53.70 53.00 59.10 34.40 2014 - 2021 points Monthly
SA

Related Last Previous Unit Reference
Manufacturing PMI 53.70 53.00 points Dec/21


News Stream
Kenya Private Sector Growth Strongest in 14 Months
The Stanbic Bank Kenya PMI increased to 53.7 in December of 2021 from 51.4 in the previous month. The latest reading marked the strongest expansion in the private sector since October 2020. Output growth accelerated at the fastest rate since the beginning of 2021, while new orders grew at the fastest pace since October 2020, and purchasing activity increased at the joint-fastest pace seen in 2021. Employment rose modestly from November's two-year high, with lower their backlogs of work for a second month in a row. On the price front, input costs inflation eased to a three-month low, while output price inflation softened for the first time in four months and was the least marked since September. Lastly, business confidence weakened to an eight-year low, amid record-high COVID-19 cases.
2022-01-05
Kenya Private Sector Growth at 10-Month High
The Stanbic Bank Kenya PMI increased to 53.0 in November of 2021 from 51.4 in the previous month. The latest reading marked the strongest expansion in the private sector since January. Both output and new orders grew at the fastest pace since May, and purchasing activity increased at stronger rates, amid expectations that demand will improve. Employment rose to the fastest pace in two years, boosted by higher sales, as firms enjoyed a sharp increase in demand through the lifting of curfew measures. Meanwhile, delivery times lengthened, amid freight slowdowns and supply shortages. Subsequently, the overall improvement in vendor performance was the weakest in one-and-a-half years. On the price front, input costs rose due to weak exchange rate, higher VAT and rising energy prices. As a result, output charges increased to the fastest rate since January. Finally, business confidence remained subdued.
2021-12-03
Kenya Private Sector Activity Growth at 5-Month High
The Stanbic Bank Kenya PMI increased to 51.4 in October of 2021 from 50.4 in the previous month. The latest reading pointed to a slight improvement in business conditions in the country's private sector but that was the strongest since May. Business activity, new orders and purchasing activity increased at stronger rates. Employment levels were raised for the sixth month running as firms looked to boost overall capacity, but the rate of job creation slowed and was only modest, amid uncertainty surrounding the economic recovery from the pandemic. Delivery times continued to improve, albeit to a lesser extent than in September due to mentions of shortages at some vendors. On the price front, there was a marked increase in input costs, mainly due to weak material supply, higher VAT and rising energy prices. Consequently, output charges rose solidly and at the fastest rate since the beginning of the year.
2021-11-03