The Stanbic Bank Kenya PMI rose marginally to 51.4 in December of 2020 from 51.3 in November, to signal another modest improvement in business conditions. Output rose at the slowest rate in six months while new order growth quickened slightly but far softer than October's record high. Employment rose for a third consecutive month amid a renewed increase in backlogs of work but the rate of job creation was marginal. Purchasing activity rose further in December, although stock levels increased at the slowest rate for six months. This was partly due to issues with global supply chains as a result of COVID-19 and input shortages. On the price front, purchase prices rose at the quickest rate since March, but average prices charged fell for the second month running, linked to discount offerings by some firms amid efforts to attract new clients. Lastly, business confidence slipped to a new record low, amid continued worries surrounding the impact of the COVID-19 pandemic on future activity. source: Markit Economics
Manufacturing PMI in Kenya averaged 51.84 points from 2014 until 2020, 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 2021.
Manufacturing PMI in Kenya is expected to be 49.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Kenya to stand at 52.00 in 12 months time. In the long-term, the Kenya Stanbic Bank PMI is projected to trend around 54.00 points in 2022, according to our econometric models.