Imports in Kenya
Kenya - ImportsGrowth surged to an eight-year high in 2018, with ample rainfall buoying the agricultural and electricity generation sectors. Momentum, however, likely waned at the outset of 2019, as delay of the long rainy season curtailed agricultural output, while tighter credit conditions weighed on private consumption and investment. In other news, USD 2.1 billion was recently raised in an oversubscribed dual-tranche Eurobond issue, which will be used to fund infrastructure projects and general budgetary expenses, along with partially or wholly refinancing a USD 750 million Eurobond due to mature in June. Moreover, with revenue collection trailing below target, the president is seeking to enforce a 1.5% housing fund levy on the salaries of employees and employers alike, as part of efforts to build affordable housing under the Big Four Agenda. The policy has sparked uproar, however, with enforcement on hold until the Labor Court hears a case filed by the Consumers Federation of Kenya.
Kenya - Imports Data
|Imports (USD billion)||16.4||18.5||15.9||13.6||16.6|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||12.15||0.0 %||May 13|
|Exchange Rate||111.1||0.05 %||May 13|
|Stock Market||0.1||0.0 %||May 11|
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Kenya: Business conditions in the Kenyan private sector worsen for the first time since November 2017
May 6, 2019
Business conditions in the Kenyan private sector deteriorated for the first time in one-and-a-half years in April, reflected by a drop in the Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Bank—below the critical 50-point threshold separating expansion from contraction.
April 30, 2019
Consumer prices climbed markedly over the previous month in April, rising 3.51% month-on-month.
April 25, 2019
Economic growth climbed to 6.3% in 2018, well above 2017’s 4.9% expansion and marking the fastest acceleration in eight years.
April 3, 2019
Activity in the Kenyan private sector grew at a slightly weaker pace in March, reflected by a fall in the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank, from 51.2 in February to 51.0 in March—the lowest print since November 2017.
March 29, 2019
Consumer prices rose 1.60% over the previous month in March, following a 0.82% month-on-month increase in February.