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Make up to three selections, then save. Save Clear. Open 0. As a result, employment continued to decline. More positively, export sales expanded at a solid pace while backlogs of work decreased. On the price front, the rate of input cost inflation was unchanged from April's near-record high, attributed to rising fuel prices, input shortages, and exchange rate weakness.
Output charge inflation remained historically sharp, despite slowing to a three-month low. Finally, business confidence dropped to a record low for the third straight month in May, amid increased uncertainty over supply chains, inflation and geopolitical tensions. Manufacturing PMI in Kenya averaged 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 June of Manufacturing PMI in Kenya is expected to be It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.
Click here to contact us. Please Paste this Code in your Website. 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 companies. A reading above 50 indicates an expansion of activity compared to the previous month; below 50 represents a contraction; while 50 indicates no change. News Stream. Output and new orders fell as clients reducing their spending due to marked increases in selling prices, fuel costs and other living expenses.
However, employment increased, albeit to a lesser extent than in the previous month. The improvement in staff capacity, alongside lower demand, helped lead to a stabilisation of backlogs of work. On the price front, both input costs and selling charges surged to fresh highs driven by increased reports of supply shortages due to the war in Ukraine. Despite high prices, purchasing activity continued to increase sharply as firms looked to build buffer stocks of items at risk of being in short supply.
Looking forward, business confidence dropped to a record low for the second successive month amid concerns over rapid price inflation and reduced client spending. However, employment levels increased slightly as firms attempted to boost capacity and complete new sales. On the price front, both input costs and selling charges reached their highest levels since early, as purchase prices were reportedly exacerbated by the war in Ukraine and government taxes.
Despite high prices, input purchasing continued to increase sharply amid a further improvement in vendor performance and as firms worry that supply could worsen.
EXCHANGE RATES FOR TRANSACTIONS BELOW US$5, OR THE EQUIVALENT IN OTHER FOREIGN CURRENCIES. CURRENCY. BANK BUYING. BANK BUYING. Key CBK Indicative Exchange Rates ; JPY (), , ; NOR KRONER, , ; SA RAND, , ; KES / BIF, , ; IND RUPEE. Daily Rates ; AED, ; INR, ; RWF, ; BIF,