The skyline in Kenya

Kenya PMI November 2018

Kenya: PMI declines in November

Private sector activity weakened slightly in November, reflected by a decline in the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank. The index dropped from 54.0 in October to 53.1 in November, moving closer to the critical 50-point threshold that separates expansion from contraction, signaling a slower improvement in business conditions.

November’s print reflected improved demand in domestic and overseas markets, which fueled solid growth in output and new orders, albeit slightly weaker than the previous month. Backlogs of work continued to rise, although at a more tepid pace. Firms hired more workers to deal with the increase in new business, although the rate of job creation lost pace from the previous month. On the price front, input prices rose again owing to higher prices for fuel and raw materials, and an increase in staffing costs. Output prices climbed in tandem, also reflecting the roll-out of the Michuki transport laws.

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