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 171.56 points in September 2016 to 172.62 points in October 2016. The overall rate of inflation rose from 6.34 per cent to 6.47 per cent during the same period. In October, 2016 the Kenyan Shilling appreciated against the Sterling pound, the Euro, the Japanese Yen and the Ugandan shilling while depreciating against the other currencies.
The average yield rate for the 91-day Treasury bills, which is a benchmark for the general trend of interest rates, decreased from 8.48 per cent in August 2016 to 8.06 per cent in September 2016 while the inter-bank rate declined to 4.87 in September 2016 from 4.96 per cent in August 2016.
The Nairobi Securities Exchange (NSE) 20 share index expanded from 3,243 points in September 2016 to 3,251 points in October 2016, while the total number of shares traded decreased from 746 million shares to 351 million shares during the same period. The total value of NSE shares traded decreased from KSh 16.87 billion in September 2016 to KSh 7.85 billion in October 2016.
Broad money supply (M3), a key indicator for monetary policy formulation contracted from KSh 2,761.84 billion in September 2016 to KSh 2,750.41 billion in October 2016.Gross Foreign Exchange Reserves declined from KSh 1,070.31 billion in September 2016 to KSh 1,044.71 billion in October 2016. Net Foreign Exchange Reserves decreased from KSh 593.88 billion in September 2016 to KSh 576.03 billion in October 2016. Download Leading Economic Indicators October 2016