Kenyan Listed Banking Sector Quarterly Earnings and Operating Metrics
Stanbic PMI Index
The PMI for the last three months averaged 50.9
Cytonn Report: Kenya's Purchasing Manager's Index for the Last 5 Years
70.0
59.1
60.0
51.7
50.9
50.0
40.0
44.2
47.6
41.5
5-Year Average = 50.3
30.0
20.0
10.0
0.0
Oct-20
Dec-20
Feb-21
Apr-21
Jun-21
Aug-21
Oct-21
Dec-21
Feb-22
Apr-22
Jun-22
Aug-22
Oct-22
*Source: Markit Economics
Actual PMI
5 Year Average PMI
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Kenya's general business environment has continued to improve with the average PMI for the last three months coming at 50.9,
higher than the 50.0 threshold, pointing towards an improvement in business environment
Going forward, we expect the general business environment to remain subdued in the short term owing primarily to the high cost
of living arising from the elevated inflationary pressures which has led to reduced consumer spending
Cytonn
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