Kenyan factory import orders surge

Image from Business Daily

According to relevant data, the value of goods ordered by the Kenyan factory increased by Sh62.88 billion in the 11 months to November 2018, marking the first rebound after Kenya's import downturn.

Traders and factories shipped in non-food industrial supplies worth Sh568.11 billion in January-November period, latest data by the Kenya National Bureau of Statistics (KNBS) indicate, a 12.45 per cent growth over Sh505.23 billion in the same period in 2017.The value of industrial supplies in the period was Sh17.20 billion more than the Sh550.91 billion order book in the whole of 2017.

Industrial supplies accounted for 34.83 per cent of the of imports bill in the review period, a slightly higher share than 31.91 per cent in the corresponding period a year earlier.

The factories order book was a key driver of the 3.03 per cent growth in imports to Sh1.63 trillion, the slowest rise since 2015.

Besides industrial supplies, the other driver of imports was petroleum products whose value climbed Sh61.21 billion, or 24.34 per cent, to Sh312.704 billion in the period.

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