The Stanbic Bank Kenya PMI edged lower to 46.3 in July of 2022 from 46.8 in June, pointing to the fourth consecutive month of falling private sector activity and the steepest since April of 2021, as uncertainty around the upcoming election and the impact of strong inflationary pressures dampened demand. Both output and new orders fell at accelerated rates, while business confidence remained muted. More positive was a first rise in employment for three months. While rates of inflation generally eased in July, they remained elevated as higher costs for fuel in particular drove prices higher. source: Markit Economics

Manufacturing PMI in Kenya averaged 51.49 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 August of 2022.

Manufacturing PMI in Kenya is expected to be 51.50 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 46.30 46.80 points Jul 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
46.30 46.80 59.10 34.40 2014 - 2022 points Monthly
SA

News Stream
Kenyan Private Sector Continues to Shrink
The Stanbic Bank Kenya PMI edged lower to 46.3 in July of 2022 from 46.8 in June, pointing to the fourth consecutive month of falling private sector activity and the steepest since April of 2021, as uncertainty around the upcoming election and the impact of strong inflationary pressures dampened demand. Both output and new orders fell at accelerated rates, while business confidence remained muted. More positive was a first rise in employment for three months. While rates of inflation generally eased in July, they remained elevated as higher costs for fuel in particular drove prices higher.
2022-08-03
Kenya Private Sector Contracts the Most in Over a Year
The Stanbic Bank Kenya PMI fell to 46.8 in June of 2022 from 48.2 in May, pointing to the third consecutive month of contraction in the country's private sector and at the steepest pace since April of 2021. Both output and new orders declined at quicker rates, amid weaker demand due to rising price pressures. Cash flow shortages and the upcoming elections were also noted as contributing factors. Purchasing activity also fell further, although inventories continued to rise due to stockpiling efforts. At the same time, staffing numbers decreased fractionally, leading to a slight increase in backlogs of work. On the price front, input costs increased at a strong rate, driven by higher fuel prices, supply shortages and a strengthening US dollar, leading to a record uptick in firms' selling charges. Finally, expectations for future activity improved for the first time in four months during June, after reaching a record low in May.
2022-07-05
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