The Stanbic Bank Kenya PMI fell to 41.5 in April of 2021, from 50.6 in the prior month, amid the third coronavirus wave in the country. The latest reading pointed to the sharpest contraction in Kenya’s private sector since June last year as partial lockdowns in five counties, including Nairobi, and increased curfew hours considerably affected movement and demand. New business and activity declined for the first time since June. The lower sales volumes and activity requirements resulted in the first cut in jobs in seven months, while backlogs shrank at a faster pace. Input costs rose sharply due to fuel prices and raw materials shortages linked to global supply issues, while output charges increased at the slowest pace in four months. For the year ahead, companies were the least optimistic since the survey began in 2014, with just one in five business owners forecasting output growth. source: Markit Economics
Manufacturing PMI in Kenya averaged 51.70 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 May of 2021.
Manufacturing PMI in Kenya is expected to be 51.00 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 51.70 in 12 months time. In the long-term, the Kenya Stanbic Bank PMI is projected to trend around 53.00 points in 2022 and 54.00 points in 2023, according to our econometric models.