The Stanbic Bank Kenya PMI fell to 51 in June of 2021 from 52.5 in May, indicating a sustained, but weaker, expansion in the Kenyan private sector economy. Output, new orders and employment continued to rise, although rates of growth slipped from May. Purchasing of inputs also expanded during June, with firms often reporting efforts to build inventories in anticipation of higher new order inflows. On the price front, overall input cost inflation was unchanged from May, leading businesses to raise their selling charges in a bid to sustain profit margins. Looking forward, the business outlook slipped to the second-weakest in the series history, amid concerns about further COVID-19 restrictions. 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 July of 2021.
Manufacturing PMI in Kenya is expected to be 53.60 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 53.00 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.