Month: October 2014

The Kenya National Bureau of Statistics initiated the process of rebasing and revising the National Accounts in 2010. This is the sixth major revision in the history of national accounts in the country. The main objectives of the revision were; to implement recommendations of 2008 System of National Accounts (2008 SNA), change base year from 2001 to 2009, and incorporate new sources of data that have become available since the previous major revision.

The revision process involved use of a wide range of information from surveys, censuses and administrative records done in a coherent and consistent manner to achieve the overall goal of improved National Accounts statistics. The revision has been finalized for key national accounts estimates while more work is ongoing with a view of expanding the accounts further.

As a result of the revision, a 2009 Supply and Use Tables (SUT) was developed as an integral part of the national accounts estimates. The Supply and Use Tables provides detailed information on the production processes, the interdependencies in production, the use of goods and services and the generation of income in production. The 2009 SUT was published in the Economic Survey 2014. Other output of this revision includes revised annual and quarterly national accounts estimates for the period 2006 to 2013 at current and constant prices which were released on 30th September 2014.

The revised national accounts are generally in accordance with 2008 SNA guideline though there are some departures. It has not been possible to include coverage of illegal activities as recommended by the SNA due to unavailability of data. Furthermore, it has not been possible to measure expenditure on computer software and database and entertainment, literary and artistic originals, which is defined as capital expenditure. Download Revised Quarterly Gross Domestic Product October 2014

Kenya National Bureau of Statistics hereby releases the Producer Price Index (PPI) for the September quarter of 2014. Producer Price Index measures the gross changes in the trading price of products on the domestic and the non-domestic markets, at all stages of processing. The price changes are measured from the perspective of the producer. The producer prices are collected as at 15th February, 15th May, 15th August and 15th November of the year. These dates corresponds to the first, second, third and fourth quarters respectively.

As shown in Table 1, the Producer Price Indices are grouped according to the International Standards of Industrial Classifications of All Economic Activities (ISIC) Rev 4. The overall producer prices increased by 0.06 per cent in the third quarter of 2014 compared to 0.73 per cent recorded in the second quarter of 2014. The ‘year on year’ PPI inflation, from September 2013 to September 2014 was 1.58 per cent.
The main contributors in the third quarter increases were electricity, water, manufacture of chemicals and chemical products and manufacture of beverages. Under manufacture of chemicals and chemical products, the producer prices of paints, shoe polish and soap went up and this caused the index to rise by 0.4 per cent. Over the three months period, electricity increased by 0.82 per cent while manufacture of food products declined by 0.27 per cent. The index on food products dropped in the third quarter mainly due to falls in prices of maize flour, wheat flour and prepared animal feeds. Download Producer Price Index (PPI) Third Quarter 2014

Kenya’s Statistical Abstract is the single source of data covering a series of years. The Abstract enables you to get complete time series data of the Kenyan Economy from one SINGLE official source.

The current Abstract therefore contains a comprehensive set of information that is useful for
any form of analytical work.

This Abstract has been prepared by the Kenya National Bureau of Statistics. The tables have been compiled partly from statistics collected directly by the Bureau through Surveys and Censuses and partly from statistics compiled by other Departments of Government and other organizations. The source of the statistical data is shown under each table.

The Kenya National Bureau of Statistics is also responsible for the preparation of the Economic Survey and Leading Economic Indicators in which emphasis is placed on current statistics for which monthly and quarterly series are available. In addition, reports are published on the various regular and ad hoc statistical surveys undertaken by the Bureau.

Whereas these publications aim at providing statistical coverage of the important fields of economic, financial and social activity in Kenya, the published material may not meet detailed requirements of all users. Additional information, whenever available, will be supplied by the Bureau on request. Download Statistical Abstract 2014

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The Leading Economic Indicators for August 2014 highlights trends in Consumer Price Indices (CPI) and inflation, interest rates, exchange rates, international trade, agriculture, energy, manufacturing, building and construction, tourism and transport.

Consumer Price Index (CPI) rose from 150.60 points in July 2014 to 152.02 points in August 2014. The overall rate of inflation increased from 7.67 per cent to 8.36 per cent during the same period. In the month of August, the Kenyan Shilling appreciated against the Sterling pound, the Euro, the Japanese Yen, the Ugandan and Tanzanian shilling. In contrast, the Shilling depreciated against the US Dollar and the South African Rand.
The average yield rate for the 91-day Treasury bills, which is a benchmark for the general trend of interest rates, fell to 8.29 per cent in August 2014 from 9.78 per cent in July 2014. The inter-bank rates increased to 11.72 per cent during the period. The Nairobi Securities Exchange 20 share index rose from 4,906 points in July 2014 to 5,139 points in August 2014, while the total number of shares traded increased from 625 million to 629 million shares during the same period. The total value of NSE shares traded increased from KSh 15.04 billion to KSh 15.51 billion over the same period. Broad money supply (M3), a key indicator for monetary policy formulation expanded from KSh 2,190.08 billion in July 2014 to KSh 2,253.23 billion in August 2014. Gross Foreign Exchange Reserves reduced from KSh 924.1 billion in June 2014 to KSh 869.2 billion in July 2014. Net Foreign Exchange Reserves decreased from Ksh 531.3 to Ksh 490.9 billion over the same period. Download