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.