Kenya National Bureau of Statistics hereby releases Consumer Price Indices (CPI) and rates of inflation for October, 2016. These numbers have been generated using data collected during the second and third weeks of the month under review. The prices were obtained from selected retail outlets in 25 data collection zones which are located in Nairobi and in 13 other urban centers.
The CPI increased by 0.62 per cent from 171.56 in September 2016 to 172.62 in October 2016. The overall inflation rate stood at 6.47 per cent in October 2016.
The 2016 National MSME Survey focused on capturing MSMEs’ business particulars; qualification needs and employment; training and skills development for the operators and employees; expenditure and income. The Survey also documented details on seasonal variations and innovations, organization and marketing, access to information and amenities, capital and technology, access to credit, business constraints, and the closures.
In total, 50,043 MSMEs were sampled for the survey, targeting licensed businesses. A further 14,000 households were sampled targeted to capture household based enterprises which are largely unlicensed. This survey therefore offers detailed insight on MSMEs in Kenya. It is further the first comprehensive survey on MSMEs in Kenya. The need for up-to-date, accurate and reliable data is paramount to; fast track development by both national and county governments and to inform the formulation and implementation of national policies, programmes, projects and strategies.
In view of the importance of the sector, the Kenya National Bureau of Statistics (KNBS) in collaboration with the Institute for Development Studies (IDS) of the University of Nairobi, African Centre for Economic Growth (ACEG) and K-Rep designed the 2016 MSME Survey; to better understand the magnitude, dynamics, and various factors that can promote or hinder their creation, growth and development in Kenya.
Micro, Small and Medium Enterprises (MSMEs) Basic Report 2016
Remarks by Hon. Mwangi Kiunjuri, Cabinet Secretary – Ministry Of Devolution and Planning, during the launch of the 2016 Micro, Small and Medium Enterprises (MSME) Survey Basic Report at KICC 24th October, 2016
Remarks By Saitoti Torome, Principal Secretary, Ministry Of Devolution And Planning, During The Launch of 2016 Micro, Small And Medium Enterprises Survey Basic Report At KICC on Monday 24th October, 2016
Consumer Price Index (CPI) increased from 170.84 points in July 2016 to 170.97 points in August 2016. The overall rate of inflation declined from 6.39 per cent to 6.26 per cent during the same period. In August, 2016 the Kenyan Shilling depreciated against all the major currencies while appreciating against the Sterling Pound.
The average yield rate for the 91-day Treasury bills, which is a benchmark for the general trend of interest rates, rose from 7.25 per cent in June 2016 to 7.41 per cent in July 2016 while the inter-bank rate rose to 5.50 in July 2016 from 4.87 per cent in June 2016.
The Nairobi Securities Exchange (NSE) 20 share index contracted from 3,489 points in July 2016 to 3,179 points in August 2016, while the total number of shares traded increased from 544 million shares to 708 million shares during the same period. The total value of NSE shares traded increased from KSh 13.61 billion in July 2016 to KSh 17.66 billion in August 2016.
Broad money supply (M3), a key indicator for monetary policy formulation contracted from KSh 2,754.14 billion in June 2016 to KSh 2,713.87 billion in July 2016.Gross Foreign Exchange Reserves declined from KSh 1,046.71 billion in July 2016 to KSh 1,046.28 billion in August 2016. Net Foreign Exchange Reserves expanded from KSh 555.94 billion in July 2016 to KSh 579.21 billion in August 2016. Download Leading Economic Indicators August 2016
Kenya National Bureau of Statistics hereby releases the Producer Price Index (PPI) for the third quarter of 2016. Producer Price Index measures the gross changes in the trading price of products on the domestic and 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 correspond to the first, second, third and fourth quarters of the year respectively.
The Producer Price Indices are grouped according to the International Standards of Industrial Classifications of All Economic Activities (ISIC) Rev 4. As shown in Table 1, the overall producer prices increased by 0.94 per cent from 112.24 recorded in the second quarter of 2016 to 113.33 in the third quarter of 2016. The ‘year on year’ PPI inflation rate, from September 2015 to September 2016 decreased by 2.76 per cent. Down Producer Price Index (PPI) Third Quarter 2016
The economy experienced a relatively conducive environment for growth during the second quarter of 2016. Consequently, all the economic sectors recorded positive growths, though at significantly varied magnitudes. Overall, the economy is estimated to have expanded by 6.2 per cent during the second quarter of 2016 compared to 5.9 per cent during the same quarter of 2015. This growth was mainly supported by better performances in the activities of; agriculture, forestry and fishing; transportation and storage; real estate; and wholesale and retail trade.Download Second Quarter 2016 GDP Report