The Leading Economic Indicators for the month of November 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) dropped from 151.92 points in October 2014 to 151.85 points in November 2014. The overall rate of inflation declined from 6.43 per cent to 6.09 per cent during the same period. In November, the Kenyan Shilling appreciated against all the major currencies except 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, rose to 8.67 per cent in October 2014 from 8.35 per cent in September 2014. The inter-bank rates dropped to 6.76 per cent during the period. The Nairobi Securities Exchange 20 share index dropped from 5,195 points in October 2014 to 5,156 points in November 2014, while the total number of shares traded increased from 506 million to 666 million shares during the same period.
The total value of NSE shares traded decreased from KSh 19.29 billion to KSh 14.34 billion over the same period. Broad money supply (M3), a key indicator for monetary policy formulation expanded from KSh 2,251.76 billion in September 2014 to KSh 2,260.02 billion in October 2014. Gross Foreign Exchange Reserves dropped from KSh 845.5 billion in September 2014 to KSh 813.7 billion in October 2014. Net Foreign Exchange Reserves fell from KSh 448.4 to Ksh 420.1 billion over the same period. Download Leading Economic Indicators November 2014