The Stanbic Bank Kenya PMI fell to 48.2 in May of 2022 from 49.5 in the previous month, pointing to the second consecutive month of contraction in the country's private sector and at a faster pace. Output and new orders fell further, mainly due to inflationary pressures, which impacted both operating costs and customer demand. As a result, employment continued to decline. More positively, export sales expanded at a solid pace while backlogs of work decreased. On the price front, the rate of input cost inflation was unchanged from April's near-record high, attributed to rising fuel prices, input shortages, and exchange rate weakness. Output charge inflation remained historically sharp, despite slowing to a three-month low. Finally, business confidence dropped to a record low for the third straight month in May, amid increased uncertainty over supply chains, inflation and geopolitical tensions. source: Markit Economics

Manufacturing PMI in Kenya averaged 51.60 points from 2014 until 2022, 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 June of 2022.

Manufacturing PMI in Kenya is expected to be 50.00 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 52.00 points in 2023 and 54.00 points in 2024, according to our econometric models.

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Kenya Stanbic Bank PMI



Related Last Previous Unit Reference
Manufacturing PMI 48.20 49.50 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
48.20 49.50 59.10 34.40 2014 - 2022 points Monthly
SA

News Stream
Kenya Private Sector Contraction Deepens
The Stanbic Bank Kenya PMI fell to 48.2 in May of 2022 from 49.5 in the previous month, pointing to the second consecutive month of contraction in the country's private sector and at a faster pace. Output and new orders fell further, mainly due to inflationary pressures, which impacted both operating costs and customer demand. As a result, employment continued to decline. More positively, export sales expanded at a solid pace while backlogs of work decreased. On the price front, the rate of input cost inflation was unchanged from April's near-record high, attributed to rising fuel prices, input shortages, and exchange rate weakness. Output charge inflation remained historically sharp, despite slowing to a three-month low. Finally, business confidence dropped to a record low for the third straight month in May, amid increased uncertainty over supply chains, inflation and geopolitical tensions.
2022-06-06
Kenya Private Sector Activity Shrinks for 1st Time in 3 Months
The Stanbic Bank Kenya PMI fell to 49.5 in April of 2022 from 50.5 in the previous month, dropping below the 50-mark first time in three months. Output and new orders fell as clients reducing their spending due to marked increases in selling prices, fuel costs and other living expenses. However, employment increased, albeit to a lesser extent than in the previous month. The improvement in staff capacity, alongside lower demand, helped lead to a stabilisation of backlogs of work. On the price front, both input costs and selling charges surged to fresh highs driven by increased reports of supply shortages due to the war in Ukraine. Despite high prices, purchasing activity continued to increase sharply as firms looked to build buffer stocks of items at risk of being in short supply. Looking forward, business confidence dropped to a record low for the second successive month amid concerns over rapid price inflation and reduced client spending.
2022-05-06
Kenya Private Sector Growth Eases in March
The Stanbic Bank Kenya PMI fell to 50.5 in March of 2022 from 52.9 in the previous month, led by a much softer rise in new orders and output levels as demand decreased amid higher prices. However, employment levels increased slightly as firms attempted to boost capacity and complete new sales. On the price front, both input costs and selling charges reached their highest levels since early-2014, as purchase prices were reportedly exacerbated by the war in Ukraine and government taxes. Despite high prices, input purchasing continued to increase sharply amid a further improvement in vendor performance and as firms worry that supply could worsen. Looking forward, business confidence drops to series-record low amid concerns of rapid price inflation.
2022-04-05