The Stanbic Bank Kenya PMI dropped to 50.6 in March of 2021 from 50.9 in the previous month. The latest reading pointed to just a marginal improvement in the health of the private sector, and the weakest seen since the recovery in economic conditions from the initial impact of the Covid-19 pandemic began last July. Output rose only slightly and new order growth slowed further as cash flow issues linked to the Covid-19 pandemic limited customer spending. At the same time, employment increased only modestly, while inventories rose at the slowest rate in the current growth sequence. On the price front, input prices continued to rise sharply, in particular fuel costs. As a result, output prices rose for the third straight month, but at a slower rate than input prices. Finally, expectations for future activity slipped in March and were the third-lowest seen in the series history, due to worries of a further impact from pandemic on demand. source: Markit Economics

Manufacturing PMI in Kenya averaged 51.83 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 April of 2021.

Manufacturing PMI in Kenya is expected to be 51.00 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 51.70 in 12 months time. In the long-term, the Kenya Stanbic Bank PMI is projected to trend around 53.00 points in 2022 and 54.00 points in 2023, according to our econometric models.

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Kenya Stanbic Bank PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.60 50.90 59.10 34.40 2014 - 2021 points Monthly
SA


News Stream
Kenya Private Sector PMI Falls to 9-Month Low
The Stanbic Bank Kenya PMI dropped to 50.6 in March of 2021 from 50.9 in the previous month. The latest reading pointed to just a marginal improvement in the health of the private sector, and the weakest seen since the recovery in economic conditions from the initial impact of the Covid-19 pandemic began last July. Output rose only slightly and new order growth slowed further as cash flow issues linked to the Covid-19 pandemic limited customer spending. At the same time, employment increased only modestly, while inventories rose at the slowest rate in the current growth sequence. On the price front, input prices continued to rise sharply, in particular fuel costs. As a result, output prices rose for the third straight month, but at a slower rate than input prices. Finally, expectations for future activity slipped in March and were the third-lowest seen in the series history, due to worries of a further impact from pandemic on demand.
2021-04-07
Kenya Private Sector Growth Eases to 8-Month Low
The Stanbic Bank Kenya PMI fell to 50.9 in February of 2021 from 53.2 in January, signalling the weakest rate of improvement in the current eight-month run of expansion following the impact of the COVID-19 pandemic. Output rose only marginally amid a more modest increase in new order volumes. Workforce numbers rose marginally, with firms also seeing a softer rise in outstanding work. Prices data showed input prices increased due to a rise in prices of both materials and fuel, amid tax hike. Output charges rose for the second straight month in order to maintain firms’ margins. Looking ahead, business sentiment dipped slightly, but remained above the level seen through the second half of 2020.
2021-03-03
Kenya PMI at 3-Month High
The Stanbic Bank Kenya PMI increased to 53.2 in January of 2021 from 51.4 in December, pointing to the highest growth rate in private sector activity in 3 months, driven by sharp increases in output and new business. Workforce numbers rose at a faster rate, while firms also expressed stronger optimism towards the next year of activity. Inflationary pressures intensified, however, as VAT returned to the level seen before the coronavirus pandemic.
2021-02-03
Kenya Private Sector Growth Remains Moderate
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.
2021-01-06

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.