The Stanbic Bank Kenya PMI increased to 53.2 in January of 2021 from 51.4 in December, pointing to the highest growth rate in private sector activity in 3 months, driven by sharp increases in output and new business. Workforce numbers rose at a faster rate, while firms also expressed stronger optimism towards the next year of activity. Inflationary pressures intensified, however, as VAT returned to the level seen before the coronavirus pandemic source: Markit Economics
Manufacturing PMI in Kenya averaged 51.86 points from 2014 until 2021, reaching an all time high of 59.10 points in October of 2020 and a record low of 34.40 points in October of 2017. This page provides - Kenya Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Kenya Stanbic Bank PMI - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Manufacturing PMI in Kenya is expected to be 49.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Kenya to stand at 52.00 in 12 months time. In the long-term, the Kenya Stanbic Bank PMI is projected to trend around 54.00 points in 2022, according to our econometric models.