Leading Economic Indicators August 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