The skyline in Kenya

Kenya PMI November 2021

Kenya: PMI rises to 10-month high in November

The IHS Markit Purchasing Managers’ Index (PMI) came in at 53.0 in November, up from October’s 51.4. November’s result marked the strongest reading since January. As a result, the index moved further above the 50-threshold, signaling a faster improvement in business conditions compared to the previous month.

November’s improvement was largely attributed to a sharp increase in both output and new orders, as the lifting of the nationwide curfew in late October spurred client demand. Notably, the construction, services and wholesale and retail sectors witnessed the strongest improvement in activity. Meanwhile, in a bid to keep up with rekindled demand, firms increased their staffing levels at the sharpest rate in two years. On the price front, supply-side disruptions, exchange rate weakness and higher costs for fuel and wages pushed input cost inflation higher. In response, businesses hiked their selling prices in an attempt to protect margins.

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