Industry in Kenya
Kenya - IndustryGrowth 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
|Industrial Production (annual variation in %)||5.4||5.6||6.1||6.0||4.9|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Industry Chart
Source: Kenya National Bureau of Statistics
|Bond Yield||12.75||0.0 %||Aug 15|
|Exchange Rate||100.8||0.05 %||Aug 15|
|Stock Market||0.1||0.0 %||Aug 10|
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Kenya: PMI falls to lowest level since January in July but remains above the critical 50-point threshold
August 3, 2018
Kenya’s private sector lost momentum in July, as reflected by a fall in the composite Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank, which dropped to 53.6, down from 55.0 in June.
July 31, 2018
Consumer prices decreased 0.89% over the previous month in July, mirroring June’s print.
July 30, 2018
At its recent meeting held on 30 July, the Monetary Policy Committee (MPC) of Kenya’s Central Bank cut the Central Bank Rate (CBR) to 9.00% after the rate was held at 9.50% at its last meeting in May.
July 4, 2018
The composite Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank, fell to 55.0 in June from 55.4 in May.
June 29, 2018
Consumer prices declined 0.89% over the previous month in June, after a 0.97% month-on-month rise in May.