The Stanbic Bank Kenya PMI rose to 46.6 in June of 2020 from 36.7 in the previous month. The reading pointed to the weakest contraction in the country's private sector in four months, as output and new orders fell much softer amid relaxed curfew measures and a recovery in sales at several businesses. Also, export orders grew for the first time since February, as trade with Europe strengthened. As a result, declines in employment and purchasing activity eased. On the price front, input costs decreased for a second straight month, due to further salary cuts, leading to back-to-back falls in overall input costs for the first time in the series history. Selling prices dropped at a solid pace, but less than in May. Finally, the outlook for business activity worsened again in June to the weakest since August 2016.

Manufacturing Pmi in Kenya averaged 51.64 points from 2014 until 2020, reaching an all time high of 57.70 points in December of 2014 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 CfC Stanbic Bank PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Markit Economics

Manufacturing Pmi in Kenya is expected to be 48.00 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 50.00 in 12 months time. In the long-term, the Kenya CfC Stanbic Bank PMI is projected to trend around 51.50 points in 2021 and 53.00 points in 2022, according to our econometric models.

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Kenya CfC Stanbic Bank PMI

Actual Previous Highest Lowest Dates Unit Frequency
46.60 36.70 57.70 34.40 2014 - 2020 points Monthly
SA


News Stream
Kenya Private Sector Shrinks the Least in 4 Months
The Stanbic Bank Kenya PMI rose to 46.6 in June of 2020 from 36.7 in the previous month. The reading pointed to the weakest contraction in the country's private sector in four months, as output and new orders fell much softer amid relaxed curfew measures and a recovery in sales at several businesses. Also, export orders grew for the first time since February, as trade with Europe strengthened. As a result, declines in employment and purchasing activity eased. On the price front, input costs decreased for a second straight month, due to further salary cuts, leading to back-to-back falls in overall input costs for the first time in the series history. Selling prices dropped at a solid pace, but less than in May. Finally, the outlook for business activity worsened again in June to the weakest since August 2016.
2020-07-03
Kenya Private sector Activity Continues to Contract
The Stanbic Bank Kenya PMI increased to 36.7 in May of 2020 from 34.8 in April, showing that the Kenyan private sector economy faced further sharp falls in levels of activity and demand during May, amid ongoing restrictions on travel during the coronavirus pandemic. Output and new orders declined at a steep pace, as companies reduced activity and customers stayed away to lower transmission of the virus. As a result, employment levels were reduced at a record pace, alongside a marked drop in input purchases. Efforts to lower spending and salaries meanwhile led to an overall fall in input prices, the first seen in over five years. Subsequently, output prices were reduced as firms tried to salvage client sales.
2020-06-04
Kenya Private Sector Activity Shrinks Faster in April
The Stanbic Bank Kenya PMI fell to 34.8 in April of 2020 from 37.5 in the previous month, pointing to the biggest contraction in private sector activity since October of 2017, due to the coronavirus pandemic. Output fell at a record pace as firms were hampered by falling demand, input shortages and lockdown restrictions. Workforces were cut, with businesses also lowering wages in an effort to keep costs subdued as revenues deteriorated. Finally, despite lower expectations, Kenyan firms were still positive that the economy would grow over the coming year and many companies said that they would open new branches and increase spending on products, services and marketing once lockdown measures were lifted.
2020-05-06
Kenya Private Sector Activity Shrinks the Most since 2017
The Stanbic Bank Kenya PMI slipped to 37.5 in March of 2020 from 49 in the previous month, pointing to a sharp deterioration in business conditions that was the strongest since October of 2017. New orders declined significantly, amid reduced demand due to the coronavirus pandemic. Firms consequently reduced activity and employment, while demand for inputs fell at the quickest pace since late-2017. On the price front, input costs rose at the fastest pace since June of 2019, amid reports of shortages of inputs mostly from China. However, selling prices went up only marginally. Looking ahead, the overall level of business sentiment remained strong, despite the impact of the pandemic. Firms cited plans to widen products and services and open new branches, though some respondents noted these plans were on hold until after the virus has been brought under control.
2020-04-03

Kenya CfC 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.