Industry in Kenya

Kenya Industry | Economic News & Forecasts

Kenya - Industry

The economy gained traction in the second quarter, reflecting an upturn in most sectors. Notably, hydro-powered electricity generation rose at a markedly swifter rate, thanks to heavy rainfalls, as did the agricultural sector, which accelerated at the fastest pace in two years. However, overall private sector activity lost traction in the third quarter compared to the previous two quarters, reflected by a lower PMI on average. Increased business uncertainty, owing to new fiscal year tax measures in Q3, will likely lead to a more moderate expansion compared to the second quarter. Meanwhile, confronted with growing popular opposition to the newly-imposed VAT on petroleum products, in late September parliament approved President Uhuru Kenyatta’s calls to halve it to 8%. While Kenyatta has announced budget cuts across all government departments to strengthen the country’s deteriorating fiscal metrics, the World Bank recently stressed the need for greater focus on reducing recurrent expenditures rather than development spending, which is likely to hurt the economy’s underlying growth potential.

Kenya - Industry Data

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

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Kenya Industry Chart


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

Kenya Facts

ValueChangeDate
Bond Yield12.750.0 %Oct 18
Exchange Rate101.10.05 %Oct 18
Stock Market0.10.0 %Oct 17

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form