Industry in Kenya

Kenya Industry | Economic News & Forecasts

Kenya - Industry

Private sector activity slightly moderated in the third quarter from the previous quarter due to waning business confidence and concerns over the new fiscal year tax measures. On the upside, the arrival of the short rainy season should buoy agricultural output and hydro-powered electricity generation in the fourth quarter. An acceleration in activity at the outset of Q4 hinted at this, reflected by a rise in the PMI in October. However, the advent of heavy rains—which have intensified in recent years—have heightened the risk of floods and landslides, which could lead to disruptions. On the upside, rising remittances have bolstered household incomes and, in turn, private spending, helping to narrow the current account deficit. The latest data shows that remittances rose more than 55% in Q2, while the current account deficit fell by more than 30%.

Kenya - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)5.4  5.6  6.1  6.0  4.9  

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Kenya Industry Chart

Kenya Industry
Note: Industrial Production, annual variation in %
Source: Kenya National Bureau of Statistics

Kenya Facts

Bond Yield12.510.0 %Dec 11
Exchange Rate102.70.05 %Dec 11
Stock Market0.20.0 %Dec 11

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