The Stanbic Bank Kenya PMI edged down to 50.4, from 51.1 in the previous month, pointing to the weakest improvement in private sector business activity in the current five month sequence of growth. Output and new orders rose, driven by a continued recovery in demand from the strict lockdown earlier in the year. Employment rate saw the quickest growth during an eight month period, as a result of increase in backlogs of work. On the price front, higher energy prices lifted the living costs and weakened sales growth. Looking forward, business confidence remained weak as 72% of survey respondents expect output to be unchanged over the next 12 months, due to uncertainty surrounding the pandemic and inflationary pressure. source: Markit Economics
Manufacturing PMI in Kenya averaged 51.67 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 October of 2021.
Manufacturing PMI in Kenya is expected to be 51.70 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.