The Stanbic Bank Kenya PMI edged down to 50.6 in July of 2021 from 51 in June, indicating only a marginal improvement in operating conditions across Kenya's private sector. Output, new orders and employment increased, but the rates of growth weakened to three-month lows. On the price front, cost inflationary pressures rose to a 16-month high as tax changes resulted in a sharp uptick in purchase prices. Higher fuel costs and input shortages were also mentioned. Amid efforts to maintain profit margins, output charges were also raised to a greater extent, albeit not as quickly as input costs. Finally, business confidence improved to a five-month high in July, with several firms citing plans to open new branches and increase their advertising. source: Markit Economics

Manufacturing PMI in Kenya averaged 51.69 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 August of 2021.

Manufacturing PMI in Kenya is expected to be 53.60 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 53.00 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 51.00 59.10 34.40 2014 - 2021 points Monthly
SA


News Stream
Kenya Private Sector Activity Growth Softens Further
The Stanbic Bank Kenya PMI edged down to 50.6 in July of 2021 from 51 in June, indicating only a marginal improvement in operating conditions across Kenya's private sector. Output, new orders and employment increased, but the rates of growth weakened to three-month lows. On the price front, cost inflationary pressures rose to a 16-month high as tax changes resulted in a sharp uptick in purchase prices. Higher fuel costs and input shortages were also mentioned. Amid efforts to maintain profit margins, output charges were also raised to a greater extent, albeit not as quickly as input costs. Finally, business confidence improved to a five-month high in July, with several firms citing plans to open new branches and increase their advertising.
2021-08-04
Kenya Private Sector Activity Growth Slows in June
The Stanbic Bank Kenya PMI fell to 51 in June of 2021 from 52.5 in May, indicating a sustained, but weaker, expansion in the Kenyan private sector economy. Output, new orders and employment continued to rise, although rates of growth slipped from May. Purchasing of inputs also expanded during June, with firms often reporting efforts to build inventories in anticipation of higher new order inflows. On the price front, overall input cost inflation was unchanged from May, leading businesses to raise their selling charges in a bid to sustain profit margins. Looking forward, the business outlook slipped to the second-weakest in the series history, amid concerns about further COVID-19 restrictions.
2021-07-05
Kenya Private Sector Activity Rebounds in May
The Stanbic Bank Kenya PMI rose to 52.5 in May of 2021 from 41.5 in the prior month. It was the highest reading since January, pointing to a moderate improvement in operating conditions, helped by the lifting of some Covid-19 restrictions. New business grew at the fastest rate in seven months, while output and employment both rose to the strongest degrees since January. Also, purchasing activity and employment returned to growth amid a strong increase in workloads. On the price front, price margins were squeezed for the third month running as output charges rose at a slower rate than input prices, despite the latter increasing at the softest pace since February. Looking ahead, business confidence improved to a three-month high.
2021-06-04
Kenya Private Sector Shrinks the Most in 10 Months
The Stanbic Bank Kenya PMI fell to 41.5 in April of 2021, from 50.6 in the prior month, amid the third coronavirus wave in the country. The latest reading pointed to the sharpest contraction in Kenya’s private sector since June last year as partial lockdowns in five counties, including Nairobi, and increased curfew hours considerably affected movement and demand. New business and activity declined for the first time since June. The lower sales volumes and activity requirements resulted in the first cut in jobs in seven months, while backlogs shrank at a faster pace. Input costs rose sharply due to fuel prices and raw materials shortages linked to global supply issues, while output charges increased at the slowest pace in four months. For the year ahead, companies were the least optimistic since the survey began in 2014, with just one in five business owners forecasting output growth.
2021-05-05

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.