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.