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.