The Stanbic Bank Kenya PMI increased to a three-month high of 51.6 in December of 2022 from 50.9 in November, as output expanded for the second month running, amid higher demand, favourable weather conditions and softer prices pressures. Meanwhile new orders continued to rise, boosted by a rise in domestic demand. However, export growth disappointed, declining to a nine-moth low. Employment increased to the fastest since March, with the backlogs of work decreasing for the second month in a row. At the same time purchasing activity rose for the fourth straight month, with the solid upturn leading to a further expansion of input stocks. On the cost side, input costs eased to a 12-month low, amid lower wage costs and stabilising energy prices. Meanwhile, output cost inflation slowed to lowest since August. Finally, business sentiment remained subdued amid concerns about the global economy. source: Markit Economics
Manufacturing PMI in Kenya averaged 51.40 points from 2014 until 2022, 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 February of 2023.
Manufacturing PMI in Kenya is expected to be 51.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.