Leading Economic Indicators – June 2024
About Report
Statistical Releases
Leading Economic Indicators
June
2024
Overview
In June 2024, the Kenyan Shilling appreciated against major trading currencies. The Central Bank of Kenya maintained its benchmark interest rate at 13.0 per cent. The average yield on 91-day Treasury Bills edged up slightly, but interbank rates fell. Agricultural prices for maize and beans decreased. Milk intakes in the formal sector increased. Coffee exports grew in both volume and value, while tea exports declined. Mobile money subscriptions rose, though the number and value of transactions dropped. Electricity generation saw a slight decline. The trade volume fell, with decreases in both exports and imports. Passenger travel via the Standard Gauge Railway (SGR) and Metre Gauge Railway (MGR) increased, though SGR cargo volumes and revenue dropped. International airport arrivals surged, particularly at Jomo Kenyatta International Airport (JKIA).