Current Account in Kenya
Kenya - Current AccountThe economy decelerated in the first quarter as delayed rains curbed agricultural output, which in turn weighed on agro-processing industries and thus lead to a slowdown in the manufacturing sector. To that effect, merchandise exports contracted for a second consecutive quarter in Q1, although they did so at a softer pace compared to the previous quarter. Meanwhile, construction activity lost stride although remained strong nonetheless, supported by the continued construction of railways and other public infrastructure projects. Turning to the second quarter, growth seemingly picked up as above average rainfall throughout the quarter likely boosted crop yields. Moreover, the PMI rose into expansionary territory in May–June, as businesses reported the highest level of optimism in the survey’s history amid robust output growth and upbeat domestic and external demand.
Kenya - Current Account Data
|Current Account (% of GDP)||-8.8||-10.3||-6.8||-4.9||-6.2|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Current Account Chart
Source: Central Bank of Kenya
|Bond Yield||11.75||0.0 %||Jul 11|
|Exchange Rate||102.9||0.05 %||Jul 11|
|Stock Market||0.4||0.0 %||Jul 11|
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July 3, 2019
Business conditions in the Kenyan private sector improved further in June after rebounding in May.
July 1, 2019
Economic growth came in at 5.6% year-on-year in the first quarter, decelerating from Q4 2018’s 6.0% and marking the lowest print since Q3 2017.
June 28, 2019
Consumer prices fell 0.69% over the previous month in June, following a 0.07% month-on-month downturn in May.
June 5, 2019
Business conditions in the Kenyan private sector improved modestly in May after deteriorating in April.
May 31, 2019
Consumer prices fell 0.07% over the previous month in May, contrasting a 3.51% month-on-month upturn in April.