Industry in Kenya

Kenya Industry | Economic News & Forecasts

Kenya - Industry

The economy seems to have decelerated slightly in Q1, with drought conditions limiting agricultural production and electricity generation. A downturn in the all-important agrarian sector and slower remittance inflows likely dragged on private consumption growth. Moreover, fixed investment growth was likely modest amid relatively weak business sentiment, although a surge in credit at the end of the quarter might have boosted capital spending somewhat. Turning to Q2, private sector activity deteriorated in April as the delay of the rainy season continued to weigh on horticulture and tea output, before recovering mildly in May on a short-lived downpour. Meanwhile, the FY 2019–20 budget was presented to Parliament on 13 June. Notable changes include a reduced fiscal deficit from 7.4% to 5.6%, which will be achieved through a higher capital gains tax and increased excise duties on cigarettes, wines and spirits, while infrastructure projects take the lion's share of the budget.

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 Yield12.200.0 %Jun 20
Exchange Rate101.90.05 %Jun 20
Stock Market0.10.0 %Jun 18

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