Industry in Kenya
Kenya - IndustryThe 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
|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||12.20||0.0 %||Jun 20|
|Exchange Rate||101.9||0.05 %||Jun 20|
|Stock Market||0.1||0.0 %||Jun 18|
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June 5, 2019
Business conditions in the Kenyan private sector improved modestly in May after deteriorating in April.
May 31, 2019
Consumer prices fell 0.07% over the previous month in May, contrasting a 3.51% month-on-month upturn in April.
May 27, 2019
At its meeting on 27 May, the Monetary Policy Committee (MPC) of Kenya’s Central Bank held the benchmark lending rate at 9.00%, where it has been since July 2018.
Kenya: Business conditions in the Kenyan private sector worsen for the first time since November 2017
May 6, 2019
Business conditions in the Kenyan private sector deteriorated for the first time in one-and-a-half years in April, reflected by a drop in the Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Bank—below the critical 50-point threshold separating expansion from contraction.
April 30, 2019
Consumer prices climbed markedly over the previous month in April, rising 3.51% month-on-month.