Leading Economic Indicator December 2016

The Leading Economic Indicators 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) increased from 173.85 points in November 2016 to 175.18 points in December 2016. The overall rate of inflation fell from 6.68 per cent to 6.35 per cent during the same period. In December, 2016 the Kenyan Shilling appreciated against the Euro, the Japanese Yen and the Ugandan shilling while depreciating against other currencies.
The average yield rate for the 91-day Treasury bills, which is a benchmark for the general trend of interest rates, increased from 8.22 per cent in November 2016 to 8.44 per cent in December 2016 while the inter-bank rate rose to 5.92 in December 2016 from 5.12 per cent in November 2016.

The Nairobi Securities Exchange (NSE) 20 share index decreased from 3,247 points in November 2016 to 3,186 points in December 2016, while the total number of shares traded decreased from 461 million shares to 289 million shares during the same period. The total value of NSE shares traded dropped from KSh 10.44 billion in November 2016 to KSh 7.11 billion in December 2016.

Broad money supply (M3), a key indicator for monetary policy formulation contracted from KSh 2,767.14 billion in November 2016 to KSh 2,723.53 billion in December 2016.Gross Foreign Exchange Reserves declined from KSh 1,032.13 billion in November 2016 to KSh 962.03 billion in December 2016. Net Foreign Exchange Reserves decreased from KSh 563.96 billion in November 2016 to KSh 497.10 billion in December 2016.[outofthebox dir=”/statistical_releases/Leading Economic Indicators/Leading Economic Indicators 2016″ mode=”files”]