Industry in Kenya

Kenya Industry | Economic News & Forecasts

Kenya - Industry

Economic growth likely remained stunted in the second quarter, after drought conditions ate into agricultural output and, in turn, overall growth in the first quarter. The effects of the drought appeared to have spilled over into Q2, as signaled by the biggest slump in merchandise exports since Q4 2016. Despite the downturn in the external sector, the average PMI for Q2 remained in expansionary territory, as firms reported upbeat production and higher demand. Turning to the third quarter, a solid PMI reading in July indicated that private sector activity continued to improve thanks to increased new orders and record-high business confidence, boding well for capital investment at the start of the quarter. In the political arena, the country’s finance minister was arrested in late July on corruption charges linked to the procurement and payment process of two hydroelectric dam projects.

Kenya - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)5.4  5.6  6.1  6.1  4.8  

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Kenya Industry Chart

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

Kenya Facts

Bond Yield11.500.0 %Sep 04
Exchange Rate103.90.05 %Sep 04
Stock Market0.40.0 %Sep 04

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