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.