The skyline in Kenya

Kenya PMI November 2022

Kenya: Conditions improve at stronger pace in November

The Purchasing Managers Index (PMI)—produced by Stanbic Bank and S&P Global—rose to 50.9 in November, up from the prior months 50.2. As a result, the index moved further above the 50.0 no-change threshold, signaling a stronger improvement in business conditions in the private sector from the previous month.

Novembers upturn came on the back of better weather conditions and improved new order inflows supporting the expansion in output. As new business increased, Kenyan firms onboarded staff in November. Turning to prices, input costs increased steeply in November, stemming from a weaker Kenyan shilling making imports costlier and from higher taxation and transport costs. Cost inflation, however, moderated to a three-month low thanks to a fall in staff wages and a softer increase in purchase prices. Consequently, selling prices increased at a softer rate in November. Lastly, Kenyan firms remained upbeat in November, but sentiment eased from the prior months 15-month high.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest