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.

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Kenya Stanbic Bank PMI



Related Last Previous Unit Reference
Manufacturing PMI 51.60 50.90 points Dec 2022

Kenya Stanbic Bank PMI
In Kenya, the CfC Stanbic Bank Purchasing Managers' Index measures the performance of agriculture, mining, manufacturing, services, construction and retail sectors and is derived from a survey of 400 companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of activity compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
51.60 50.90 59.10 34.40 2014 - 2022 points Monthly
SA

News Stream
Kenya Private Sector Growth at 3-Month High
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.
2023-01-05
Kenya Private Sector Growth Accelerates
The Stanbic Bank Kenya PMI increased to 50.9 in November of 2022 from 50.2 in October, as output returned to grow while new orders rose for the third straight month, and at a moderate pace that was faster than in October. Employment increased marginally with the backlogs of work declining for the first time since April while purchasing activity rose for the third month in a row. On the cost side, input costs rose, amid reports of rising import costs due to a weaker exchange rate, as weel as higher taxation and transport costs. Meanwhile, output cost inflation eased. Finally, business sentiment weakened from October's 15-month high.
2022-12-05
Kenya Private Sector Growth Slows in October
The Stanbic Bank Kenya PMI fell to 50.2 in October of 2022 from a seven-month high of 51.7 in September, when renewed growth was indicated due to the end of the national election period. A softer expansion in new orders caused a renewed drop in output, although only modestly. Meanwhile, employment continued to rise amid increased backlogs. On the price front, inflationary pressures remained severe, as firms highlighted a record increase in purchasing costs from the previous month driven by rising fuel costs, a weaker currency and material shortages. Output charges were raised at the quickest rate since June,in a bid to protect profit margins. Looking forward, output expectations were up to their strongest for 15 months in October, as companies were more confident of rising client numbers and business expansion plans.
2022-11-03