Industry in Kenya
Kenya - IndustryGDP growth expanded at the fastest rate in over 10 years in the second quarter, with nearly all sectors of the economy recording improving output, although activity in the agricultural sector declined at a quicker pace. That said, Q2’s result was flattered by a low base effect. Turning to Q3, double-digit expansions in both merchandise exports and imports in July–August hint at healthy foreign and domestic demand conditions in the quarter, while the private sector PMI came in above the prior quarter’s average. Meanwhile, on 20 October the government lifted the country’s nationwide curfew—originally imposed on March 2020—boding well for activity in the final stretch of the year. In other news, on 8 November Kenya's Equity Group Holdings announced the launch of a KES 500 billion (around USD 4.5 billion) loan program to help SMEs impacted by the health crisis.
Kenya - Industry Data
|Industrial Production (annual variation in %)||7.3||5.9||3.8||5.3||-|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Industry Chart
Source: Kenya National Bureau of Statistics
|Bond Yield||12.20||0.0 %||Dec 31|
|Exchange Rate||101.4||0.05 %||Jan 01|
|Stock Market||0.4||0.0 %||Jan 07|
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November 30, 2021
Consumer prices rose a seasonally-adjusted 0.45% from the previous month in November, moderating from the 0.51% rise recorded in October.
November 29, 2021
At its final meeting of the year on 29 November, the Monetary Policy Committee of Kenya’s Central Bank decided to leave its key rate unchanged at 7.00%, marking the 11th consecutive hold.
November 10, 2021
According to a recent release by Kenya’s Statistical Institute, GDP growth jumped to 10.1% in annual terms in the second quarter, accelerating from the prior quarter’s 0.8% expansion.
November 3, 2021
The IHS Markit Purchasing Managers’ Index (PMI) rose to 51.4 in October, up from 50.4 in September.
October 30, 2021
Consumer prices rose a seasonally-adjusted 0.51% in October over the previous month, accelerating from the 0.32% increase seen in September.