The Stanbic Bank PMI for Kenya increased to 56.3 in September of 2020 from 53 in August, pointing to the biggest expansion in private sector activity since April of 2018 as the government relaxed coronavirus restrictions. Customer demand expanded at the sharpest rate since January 2016, leading to a quicker rise in backlogs. As a result, job numbers were broadly stable after falling in the six previous months. Nevertheless, future expectations dipped to their lowest since the series began in 2014.

Manufacturing Pmi in Kenya averaged 51.76 points from 2014 until 2020, reaching an all time high of 57.70 points in December of 2014 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 CfC Stanbic Bank PMI - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Markit Economics

Manufacturing Pmi in Kenya is expected to be 50.20 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 53.00 in 12 months time. In the long-term, the Kenya CfC Stanbic Bank PMI is projected to trend around 52.00 points in 2021 and 54.00 points in 2022, according to our econometric models.

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Kenya CfC Stanbic Bank PMI

Actual Previous Highest Lowest Dates Unit Frequency
56.30 53.00 57.70 34.40 2014 - 2020 points Monthly
SA


News Stream
Kenya Private Sector Activity Rises the Most in 2-1/2-Years
The Stanbic Bank PMI for Kenya increased to 56.3 in September of 2020 from 53 in August, pointing to the biggest expansion in private sector activity since April of 2018 as the government relaxed coronavirus restrictions. Customer demand expanded at the sharpest rate since January 2016, leading to a quicker rise in backlogs. As a result, job numbers were broadly stable after falling in the six previous months. Nevertheless, future expectations dipped to their lowest since the series began in 2014.
2020-10-05
Kenya Private Sector Activity Expands at a Slower Pace: PMI
The Stanbic Bank Kenya PMI fell to 53 in August of 2020 from 54.2 in July. Still, the reading indicated a second straight month of growth in the Kenyan private sector, with output and new orders rising solidly amid looser travel restrictions. Exports grew at a record rate, but job numbers fell amid efforts to cut wage costs. Sentiment improved for the first time since February, but remained relatively weak.
2020-09-03
Kenya Private Sector Rebounds Strongly in July
The Stanbic Bank Kenya PMI increased to 54.2 in July of 2020 from 46.6 in the previous month. The reading pointed to the first expansion in the country's private sector since December and at the quickest pace in over a year, amid the lifting of Covid-19 related restrictions and the removal of regional border controls. Both output and new orders bounced back and grew the most in over two years, in particular, due to higher new orders from European countries. Employment fell further, but at a softer pace, while firms built up stocks in anticipation of higher sales. Firms also mentioned that received inputs faster than in June, as delivery times improved at the fastest rate for 16 months. Purchase prices continued to rise modestly, linked to a short supply of some raw materials, leading firms to raise their selling prices for the first time since March. However, business sentiment weakened as the outlook for activity amid the coronavirus pandemic remained unclear.
2020-08-05
Kenya Private Sector Shrinks the Least in 4 Months
The Stanbic Bank Kenya PMI rose to 46.6 in June of 2020 from 36.7 in the previous month. The reading pointed to the weakest contraction in the country's private sector in four months, as output and new orders fell much softer amid relaxed curfew measures and a recovery in sales at several businesses. Also, export orders grew for the first time since February, as trade with Europe strengthened. As a result, declines in employment and purchasing activity eased. On the price front, input costs decreased for a second straight month, due to further salary cuts, leading to back-to-back falls in overall input costs for the first time in the series history. Selling prices dropped at a solid pace, but less than in May. Finally, the outlook for business activity worsened again in June to the weakest since August 2016.
2020-07-03

Kenya CfC 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.