Industry in Kenya

Kenya Industry | Economic News & Forecasts

Kenya - Industry

Growth has steadily picked up amid fading uncertainty from the political scene following a tumultuous election saga at the end of last year and the agricultural sector’s notable recovery from a crippling drought. National accounts data showed that the economy accelerated for the second consecutive quarter in Q1, expanding at the swiftest pace since Q4 2016. Stronger growth, within-target inflation and an improving external position have held up the shilling and enabled further easing in monetary conditions, laying the foundations for robust economic activity. Private sector activity remained buoyant in Q2, with the PMI registering robust readings throughout the quarter. Meanwhile, the removal of the long-standing interest rate cap remains a contentious point, with the Treasury and Parliament on opposing ends. Pressure to scrap the policy has intensified given the hit to small- and medium-sized enterprises from the constrained ability to access capital.

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 Yield12.750.0 %Aug 15
Exchange Rate100.80.05 %Aug 15
Stock Market0.10.0 %Aug 10

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