The Stanbic Bank Kenya PMI increased to 53.7 in December of 2021 from 51.4 in the previous month. The latest reading marked the strongest expansion in the private sector since October 2020. Output growth accelerated at the fastest rate since the beginning of 2021, while new orders grew at the fastest pace since October 2020, and purchasing activity continued to increase. Employment rose modestly from November's two-year high, with lower their backlogs of work for a second month in a row. On the price front, input costs inflation eased to a three-month low, while output price inflation softened for the first time in four months and was the least marked since September. Lastly, business confidence weakened to an eight-year low, amid record-high COVID-19 cases. source: Markit Economics
Manufacturing PMI in Kenya averaged 51.68 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 January of 2022.
Manufacturing PMI in Kenya is expected to be 52.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kenya Stanbic Bank PMI is projected to trend around 53.50 points in 2022 and 55.00 points in 2023, according to our econometric models.