Kenya Stanbic Bank PMI
Based on a survey of 400 enterprises the CfC Stanbic Bank Purchasing Managers' Index (PMI) in Kenya monitors the progress of the agricultural, mining, manufacturing, services, construction, and retail sectors in Kenya. A total of five individual indicators are used to calculate the index, with the following weightings: New Orders (30%), Output (25%), Employment (20%), Supplier's Delivery Times (15%), and Stock of Items Purchased (10%), with the Delivery Times index reversed so that it moves in a similar direction to the other indexes. A rating greater than 50 shows an increase in activity when compared to the previous month, a value less than 50 suggests decrease inactivity, and a reading of 50 indicates no change.
A higher than expected figure should be seen as positive (bullish) for the KES while a lower than expected figure should be seen as negative (bearish) for the KES.
