The skyline in Kenya

Kenya PMI April 2024

Kenya: Private sector in Kenya tiptoes above no-change threshold in April

The Stanbic Bank Kenya PMI improved to 50.1 in April from 49.7 in March. As a result, the index moved above the 50.0 no-change threshold and signaled an improvement in private sector operating conditions compared to the previous month.

April’s reading came as output and new business broadly stabilized, continuing the trend of relative improvement compared to the frequent declines seen throughout 2023. As a result, firms raised staffing levels at a slightly faster pace and increased input purchasing and inventories.

Regarding prices, April saw a notable shift: For the first time in nearly four years, average input prices fell, driven by the sharpest decrease in purchasing costs since records began in 2014; this came despite the steepest rise in wages in eight months. Lastly, companies expressed the strongest confidence since March 2023, underpinned by planned investments in marketing, capacity upgrades, new branches, recruitment and entry into new African markets.

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