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LEADING ECONOMIC INDICATORS HolticultureHolticultureHolticultureHolticulture ProductsProductsProductsProducts 16,000
LEADING ECONOMIC INDICATORS HolticultureHolticultureHolticultureHolticulture ProductsProductsProductsProducts 16,000

LEADING ECONOMIC INDICATORS

HolticultureHolticultureHolticultureHolticulture ProductsProductsProductsProducts 16,000 4,600.0 15,400 4,410.0
HolticultureHolticultureHolticultureHolticulture ProductsProductsProductsProducts
16,000
4,600.0
15,400
4,410.0
14,800
4,220.0
June 10
14,200
4,030.0
May 10
13,600
3,840.0
Apr 10
13,000
3,650.0
Mar 10
12,400
3,460.0
11,800
3,270.0
Feb 10
11,200
3,080.0
Jan 10
10,600
2,890.0
Dec 09
10,000
2,700.0
Nov 09
Oct 09
Sep 09
PeriodPeriodPeriodPeriod (June(June(June(June 09-June09-June09-June09-June 10)10)10)10)
Aug 09
QUANTITY (MT)
VALUE (KSh. Million)
July 09
June 09
Quantity (MT)
(MT)Quantity (MT)Quantity (MT)Quantity
Value (Million
KSh.)Value
KSh.)Value
KSh.)Value
(Million
(Million
(Million KSh.)

KENYA NATIONAL BUREAU OF STATISTICS

P.O. Box 30266- 00100 Nairobi Website: www. knbs.or.ke

Tel: 317586/88, 317612/22 Fax: 315977 email: director@knbs.or.ke

JULY 2010

TABLE OF CONTENTS

TABLE OF CONTENTS

I

LIST OF TABLES

I

LIST OF FIGURES

I

KEY HIGHLIGHTS ON LEADING ECONOMIC INDICATORS

4

Overview

4

Macroeconomic Indicators and Financial Intermediation

4

SECTORAL PERFORMANCES

5

a).

Agriculture

5

b).

International Trade

5

c).

Energy

6

d).

Manufacturing and, building and construction

6

e).

Tourism and Transport

6

LIST OF TABLES

TABLE 1: KENYA CONSUMER PRICE INDICES ** AND INFLATION RATE

8

TABLE 2: MEAN FOREIGN EXCHANGE RATES OF KENYA SHILLINGS AGAINST SELECTED MAJOR CURRENCIES AT THE END OF THE MONTH

10

Table 3: Interest Rates (%)

12

TABLE 4: CAPITAL MARKETS – NAIROBI STOCK EXCHANGE

13

TABLE 5 (a): MONEY SUPPLY

14

TABLE 6: COFFEE SALES AND PRICES*

17

TABLE

7: TEA PRODUCTION AND PRICES*

18

Table 8(a):

Average Monthly Retail Prices for Dry Maize in the Year 2009

19

Table 8(b): Average Monthly Retail Prices for Dry Maize in the Year 2010

20

Table 8(c):

Average Monthly Retail Prices for Dry Beans Prices (2009)

21

Table 8(d): Average Monthly Retail Prices for Dry Beans Prices (2010)

22

Table 9: Export of Coffee, Tea and Horticultural Produce

23

Table

10: Monthly Exports of Horticultural Products

24

Table 11: Kenya‘s External Trade, Apr 2009 – Apr 2010

25

Table 12: Major Destinations of Domestic Exports, Apr 2009 – Apr 2010

26

Table 13: Major Origins of Imports, Apr 2009 – Apr 2010

27

i

Table 12 (a):

Domestic Exports by Broad Economic Category

28

Table 13 (a):

Imports by Broad Economic

Category

29

Table 14(a):

Local Electricity Generation by Source

30

Table 14(b):

Generation and Consumption of Electricity

32

Table 14 ( c ):

Consumption of Petroleum Fuels

33

Table 14 (d):

Weighted Average Retail Prices for Selected Fuel Products within

Nairobi

34

Table 14 (e):

Weighted Average Retail Prices for Selected Fuels in Kenya

35

Table 14(f): Murban ADNOC Prices 2004-2009

36

Table 15:

Value of Building Plans Approved by Nairobi City Council (NCC)

37

Table 16(a): Domestic Production of Sugar

 

38

Table 16(c ):

Production of Assembled Vehicles

38

Table 16(c ):

Production of Assembled Vehicles

39

Table 16(e):

Cement production and Consumption

40

Table 16(f):

Milk Intakes in the Formal Milk Sector

41

Table 17:

Visitor Arrivals* through Jomo Kenyatta International Airport (J.K.I.A)

and Moi International Airport (M.I.A)

42

TABLE (18A):

JOMO KENYATTA INT. AIRPORT INTERNATIONAL FLIGHTS ONLY-

EMBARKED PASSENGERS BY PORT OF

43

TABLE (18B):

JOMO KENYATTA INT. AIRPORT INTERNATIONAL FLIGHTS ONLY-

LANDED PASSENGERS BY PORT OF

45

Table 18 C:

New Vehicle Registration

47

ii

LIST OF FIGURES

FIG. 1:

KENYA CPI AND ANNUAL INFLATION RATES

9

FIG 2:

END OF MONTH MEAN EXCHANGE RATE OF KENYA SHILLINGS AGAINST MAJOR SELECTED CURRENCIES

11

FIG 3:

INTEREST

RATES

12

FIG 4:

NAIROBI STOCK EXCHANGE SHARES INDEX

13

FIG 5:

MONEY SUPPLY (M3)

15

FIG 6:

FOREIGN EXCHANGE RESERVES

16

FIG.7:

COFFEE SALES AT THE NAIROBI COFFEE EXCHANGE

17

FIG.8:

TEA PRODUCTION

18

Fig 9:

Electricity Generation by Source

31

Fig 10:

Electricity Generation Consumption and Power Losses

32

Fig 11(a):

Average Retail Prices of selected Petroleum Products

34

Fig 11(b):

Weighted Average Prices for LPG in Kenya

35

Fig 12:

Trend for Murban ADNOC Crude Oil Prices

36

FIG 13:

Milk Intake in the Formal Sector

41

FIG 14:

VISITORS ARRIVING IN KENYA THROUGH THE MAIN AIRPORTS. 42

FIG 15:

J.K.I.A. PASSENGERS BY REGION OF DESTINATION

44

FIG 16:

J.K.I.A. PASSENGERS BY REGION OF ORIGIN

46

iii

Key highlights on Leading Economic Indicators

Overview

The monthly Leading Economic Indicators Publication for July 2010 highlight trends in Consumer Price Indices (CPI) and inflation, interest rates, exchange rates, international trade, agriculture, energy, manufacturing, building and construction, tourism and transport.

Macroeconomic Indicators and Financial Intermediation

New Kenya Consumer Price Index (CPI) increased by 0.37 per cent from 105.61 points in June 2010 to

points in July 2010. However, annual average inflation rate declined from 5.43 per cent in June 2010 to 5.03 per cent in July 2010.

105.98

The Kenyan Shilling appreciated against the US Dollar and the South Africa Rand but depreciated against the Sterling Pound, Euro, and Japanese Yen in July 2010 compared to June 2010. The Shilling also weakened against the Ugandan shilling while strengthening against the Tanzanian Shilling in the same period. The Shilling appreciated against the US Dollar, and the South Africa Rand to trade at KSh 80.230 and KSh 21.393 compared to KSh 81.917 and KSh 21.842 respectively over the same period. However, during the same period, the Shilling weakened against the Sterling Pound, the Euro and the Japanese Yen to trade at KSh 125.303, KSh 104.878 and KSh 92.823 respectively.

The benchmark 91-day Treasury bill decreased by 46.3 per cent in July 2010 from 2.98 per cent recorded in June 2010 to stand at 1.60 per cent. The weighted average lending rate offered by Commercial banks for loans and advances decreased marginally from 14.39 per cent in June 2010 to 14.29 per cent in July 2010. Savings rate declined from 1.75 per cent in June 2010 to 1.55 per cent in July 2010.

The Nairobi Stock Exchange share index (NSE 20) increased marginally by 2.3 per cent from 4,339.28 points in June 2010 to 4,438.58 points in July 2010. Total value of shares traded decreased by 16.2 per cent from KSh 13.6 billion in June 2010 to KSh 11.4 billion in July 2010. However, total number of shares traded increased significantly by 89.6 per cent from 364.7 million shares to 691.3 million shares over the same period.

Broad money supply (M3) expanded by KSh 15.284 billion from KSh 1,198.930 billion in June 2010 to KSh 1,214.214 billion in July 2010. However, money and quasi-money (M2) increased by 1.1 per cent from KSh 1,033.704 billion to KSh 1,045.021 billion over the same period.

Gross Foreign Exchange Reserves expanded by 4.4 per cent in June 2010 from KSh 364.9 billion in May 2010 to stand at KSh 380.8 billion. Net Foreign Exchange Reserves expanded by 9.5 per cent over the same period to stand at KSh 278.9 billion in June 2010.

4

SECTORAL PERFORMANCES

a).

Agriculture

Quantity of coffee auctioned at the Nairobi Coffee Exchange declined by 31.9 per cent from 2,496 MT in May

2010 to 1,699 MT in June 2010, while its average auction price declined from KSh 239.34 per kilogram to KSh

232.55 per kilogram over the same period.

Quantity of processed tea went down by 0.7 per cent from 35,857 MT in April 2010 to 35,618 MT in May 2010 and its auction price declined from KSh 217.16 per kilogram to KSh 198.56 per kilogram over the same period.

Average price for dry maize decreased from KSh 24.10 per kilogram in April 2010 to KSh 20.91 per kilogram in May 2010 and average price for dry beans declined marginally from KSh 62.42 per Kilogram to KSh 59.56 per kilogram over the same period with Mudete, Mbale and Cheptulu markets reporting the highest prices for beans.

b).

International Trade

Quantity of coffee exported rose by 17.2 per cent from 3,859 MT in May 2010 to 4,523.3 MT in June 2010 while its value went up marginally by 3.1 per cent from KSh 1,582.9 million to KSh 1,632.0 million over the same period.

Quantity of processed tea increased by 14.8 per cent from 35,423.2 MT in May 2010 to 40,653.2 MT in June

2010 and its value went up marginally by 2.0 per cent from KSh 7,962.3 million to KSh 8,118.3 million over the

same period.

Quantity of fresh horticultural produce exported declined by 7.0 per cent from 13,297 MT recorded in May

2010 to 12,370 MT in June 2010, while export value of fresh horticultural produce declined by 6.9 per cent from

KSh 3.09 billion to KSh 2.88 billion over the same period.

Volume of trade decreased marginally by 1.2 per cent from KSh 113,558.45 billion in May 2010 to KSh 112,247.71 billion in June 2010. Total exports and imports also declined by 0.6 per cent and 1.4 per cent respectively to stand at KSh 33.0 billion and KSh 79.2 billion, respectively in June 2010.

Domestic exports by Broad Economic Category (BEC) show that food and beverages, Industrial Supplies (Non- Food), consumer goods not elsewhere specified were the main export categories in June 2010. Food and beverages, Industrial Supplies (Non-Food) and consumer goods not elsewhere specified had a share contribution of 43.19, 26.01 and 20.43 per cent, respectively, in total export in June 2010. All the other economic categories recorded less than 6 per cent shares in total export.

Imports by Broad Economic Category (BEC) indicate that imports shares of Machinery & Other Capital Equipment, Transport Equipment, and Consumer Goods Not Elsewhere Specified increased in June 2010. However, the import bill of Fuel and Lubricants and Food and Beverages declined by 34.0 per cent and 19.5 per cent, respectively in June 2010 as compared to May 2010.

5

c).

Energy

Total domestic electricity generation increased by 0.06 per cent from 550.17 million KWh in May 2010 to 550.51 million KWh in June 2010. The share of hydro generation rose to 55.4 per cent in June 2010 from 53.5 per cent in May 2010. Total domestic consumption of electricity rose by 13.0 per cent from 476 million KWh in May

2010 to 537.7 million KWh in June 2010. Power losses declined from 93.2 million KWh to 28.9 million KWh

over the same period.

Total consumption of petroleum products rose by 3.5 per cent from 222.9 thousand MT in May 2010 to 230.8 thousand MT in June 2010.

In the domestic market, average retail prices for motor gasoline, light diesel oil and illuminating kerosene retailed at an average of KSh 89.27 per litre, KSh 78.44 per litre and KSh 66.09 per litre in July 2010 compared to KSh 89.19 per litre, KSh 78.24 per litre and KSh 65.60 per litre in June 2010, respectively. In Nairobi, the price of motor gasoline and light diesel were KSh 92.23 and KSh 82.90 per litre in July 2010, respectively.

In the international market, the price of Murban crude oil dropped further by 2.4 per cent per barrel from US Dollars 74.80 per barrel in June 2010 to US Dollars 73.00 per barrel in July 2010.

d).

Manufacturing and, building and construction

Domestic production of sugar declined by 21.3 per cent from 43,801 MT in May 2009 to 34,450 MT in June

2010 while production of soft drinks increased by 3.2 per cent from 26,432 thousand litres in May 2010 to

27,276 thousand litres in June 2010.

Production of assembled vehicles rose by 4.8 per cent from 521 assembled vehicles in May 2010 to 546 assembled vehicles in June 2010. Production of galvanized sheets went down by 2.2 per cent from 19,540 MT recorded in May 2010 to 19,109 MT in June 2010.

Quantity of cement produced rose by 16.7 per cent from 291,258 MT in May 2010 to 339,948 MT in June 2010. Likewise, consumption of cement went up by 21.7 per cent from 247,937 MT recorded in May 2010 to 301,845 MT in June 2010.

Milk deliveries in the formal milk sector declined marginally by 0.9 per cent from 44.6 trillion litres recorded in April 2010 to 44.2 trillion litres reported in May 2010.

e).

Tourism and Transport

Number of visitors who arrived through Jomo Kenyatta International Airport (JKIA) and Moi International Airports increased by 17.2 per cent from 67,817 visitors recorded in May of 2010 to 79,472 visitors in June 2010.

6

The number of passengers who embarked at Jomo Kenyatta International Airport (JKIA) rose significantly by 20.9 per cent from 90,635 persons in May 2010 to 109,567 persons in June 2010 while passengers who landed also rose by 12.1 per cent from 90,905 persons to 101,911 over the same period.

Total number of vehicles registered a decrease of 9.2 per cent from 16,353 vehicles in June 2010 to 14,852

vehicles

main vehicles registered in July 2010.

in

July

2010.

Motor

cycles

were

the

7

TABLE 1: KENYA CONSUMER PRICE INDICES ** AND INFLATION RATE

NE W K E NY A C P I:

B AS E P E R IOD F E B R UAR Y 2009=100

 

NAIROBI

NAIROBI

NAIROBI

NAIROBI

PROVINCES

KENYA

Group

LOWER

MIDDLE

UPPER

COMBINED

EXCEPT

CPI

INCOME

INCOME

INCOME

NAIROBI

Jul-09

102.65

101.44

101.60

102.46

102.24

102.33

Aug-09

102.84

102.06

102.25

103.15

102.79

102.94

Sep-09

103.56

102.01

103.33

103.66

103.26

103.42

Oct-09

104.23

102.30

103.03

103.97

103.47

103.68

Nov-09

104.58

102.49

103.85

104.06

103.75

103.87

Dec-09

104.59

102.71

104.26

104.69

104.64

104.66

Jan-10

105.60

102.93

105.51

104.95

104.84

104.89

Feb-10

106.16

102.95

105.56

105.36

105.05

105.18

Mar-10

105.78

103.34

106.23

105.21

104.80

104.97

Apr-10

106.38

103.52

106.32

105.69

105.48

105.56

May-10

106.85

103.39

107.30

106.03

105.62

105.79

Jun-10

106.67

103.09

107.39

105.84

105.45

105.61

Jul-10

107.61

103.34

107.62

106.58

105.56

105.98

- Data Missing

Inflation R ates

 

NAIROBI

NAIROBI

NAIROBI

PROVINCES

KENYA

ANNUAL

 

PERIOD

LOWER

MIDDLE

UPPER

EXCEPT

CPI

AVERAGE

 

INCOME

INCOME

INCOME

NAIROBI

INFLATION

 

6.16

2.95

5.56

5.05

 

5.18

7.88

F

eb10/F eb09

 
 

4.13

2.87

6.31

4.01

 

3.97

7.03

Mar10/Mar09

 

4.04

2.55

6.28

3.58

 

3.66

6.32

Apr10/Apr09

 

4.18

2.45

7.21

3.87

 

3.88

5.85

May10/May09

 

3.92

1.92

6.56

3.45

 

3.49

5.43

J

un10/J un09

 
 

6.08

1.87

5.93

3.24

 

3.60

5.03

J

uly10/J uly09

 

Source: Kenya National Bureau of Statistics

NB.

1. NAIR O B I L O WE R

INC O ME

G R O UP - Hous eholds s pending

les s than

K s hs 23,670 in O ctober 2105

2. NAIR O B I MIDDL E

INC O ME

G R O UP - Hous eholds s pending

between

K s hs 23,671 to K s hs 119,999

in O ctober 2105

8

FIG. 1: KENYA CPI AND ANNUAL INFLATION RATES

NEW KENYA CPI - INFLATION RATES 8.00 7.50 7.00 6.50 6.00 5.50 5.00 4.50 4.00
NEW KENYA CPI - INFLATION RATES
8.00
7.50
7.00
6.50
6.00
5.50
5.00
4.50
4.00
3.50
3.00
Feb10/Feb09
Mar10/Mar09
Apr10/Apr09
May10/May09
Jun10/Jun09
July10/July09
PERIOD
KENYA CPI
ANNUAL AVERAGE INFLATION
Inflation Rates

9

TABLE 2: MEAN FOREIGN EXCHANGE RATES OF KENYA SHILLINGS AGAINST SELECTED MAJOR CURRENCIES AT THE END OF THE MONTH

   

2009

   

2010

CURRENCY

July

Aug

Sep

Oct

Nov

Dec

Jan

Feb

March

April

May

June

July

1 US Dollar

76.607

76.233

74.999

75.239

74.907

75.689

75.886

76.897

77.331

77.266

79.745

81.917

80.230

1 Sterling Pound

126.588

123.448

120.292

124.503

124.075

120.301

122.423

117.533

116.524

118.709

115.487

123.194

125.303

1EURO

108.214

108.711

109.692

111.619

112.723

108.522

105.858

104.480

103.717

102.446

98.183

100.054

104.878

100JapaneseYen

80.481

82.181

83.375

82.684

86.534

82.202

84.505

86.132

82.924

82.178

87.161

92.467

92.823

1

SA Rand

20.428

20.328

19.999

20.063

10.134

10.158

20.236

20.505

20.621

20.603

21.264

21.842

21.393

USHS/KES

27.517

26.957

25.600

25.061

25.105

25.189

25.697

26.607

26.962

27.619

27.745

27.907

27.833

TSHS/KES

17.296

17.283

17.540

17.611

17.709

17.651

17.665

17.712

17.574

17.899

17.807

17.945

18.915

* Mean of commercial banks buying and selling exchange rates prevailing at the end of the month

'Source: Kenya National Bureau of Statistics

10

FIG 2: END OF MONTH MEAN EXCHANGE RATE OF KENYA SHILLINGS AGAINST MAJOR SELECTED CURRENCIES

126.695 121.495 116.295 111.095 105.895 100.695 95.495 90.295 85.095 79.895 74.695 Jul-09 Aug-09 Sep-09
126.695
121.495
116.295
111.095
105.895
100.695
95.495
90.295
85.095
79.895
74.695
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
1 US Dollar
1 Sterling Pound
1 EURO
100 Japanese Yen
(KSh.)

11

Table 3:

Interest Rates (%)

MONTHS

Average Yield Rates 91 - Days Treasury Bills

Rates for Commercial

Overdraft

Inter - Bank Rates

Savings

Banks Loans and Advances (Weighted Average)

(Commercial

Rates

 

Banks

Rates)

2009

         

July

7.22

14.79

13.94

2.67

1.67

August

7.25

14.76

13.90

3.68

1.65

September

7.29

14.74

13.76

3.51

1.65

October

7.26

14.78

14.03

2.53

1.85

November

7.22

14.85

14.24

3.11

1.71

December

6.82

14.76

14.13

2.94

1.73

2010

January

6.56

14.98

14.48

3.72

1.75

February

6.22

14.98

14.25

2.39

1.81

March

6.10

14.96

14.06

2.22

1.81

April

5.17

14.58

14.50

2.46

1.85

May

4.21

14.44

14.37

2.19

1.79

June

2.98

14.39

14.23

1.14

1.75

July

1.60

14.29

14.03

1.37

1.55

Source : Central Bank of Kenya

FIG 3: INTEREST RATES

15.09 13.731 12.372 11.013 9.654 8.295 6.936 5.577 4.218 2.859 1.5 91 - Days Treasury
15.09
13.731
12.372
11.013
9.654
8.295
6.936
5.577
4.218
2.859
1.5
91 - Days Treasury Bills
Commercial Bank Loans
Savings Commercial Banks
Percentage
July'09
Aug'09
Sep'09
Oct'09
Nov'09
Dec'09
Jan'10
Feb'10
Mar'10
Apr'10
May'10
Jun'10
July'10

12

TABLE 4: CAPITAL MARKETS – NAIROBI STOCK EXCHANGE

MONTH

NUMBER OF TRANSACTIONS

NUMBER OF

VALUE OF

 

SHARES ('000)

SHARES ('000

SHARES INDEX

 

KShs)

Base Jan 1966=100

Jul-09

41,929

296,192

3,261,625

3,273.1

Aug-09

31,697

280,892

3,149,211

3,102.7

Sep-09

29,690

231,692

3,547,591

3,005.5

Oct-09

26,430

303,297

4,520,966

3,083.6

Nov-09

28,866

396,360

4,646,566

3,189.6

Dec-09

28,188

307,655

2,954,300

3,247.4

Jan-10

38,544

603,905

6,358,024

3,565.3

Feb-10

36,776

369,758

4,214,876

3,629.4

Mar-10

48,784

627,000

8,325,598

4,072.9

Apr-10

42,918

398,533

6,754,866

4,233.2

May-10

47,320

953,528

10,342,437

4,241.8

Jun-10

46,790

364,707

13,608,178

4,339.3

Jul-10

92,226

691,336

11,383,352

4,438.6

Source : Nairobi Stock Exchange

FIG 4: NAIROBI STOCK EXCHANGE SHARES INDEX

SHARES INDEX Jul-10 4,438.6 4,339.3 May-10 4,241.8 4,233.2 Mar-10 4,072.9 3,629.4 Jan-10 3,565.3 3,247.4
SHARES INDEX
Jul-10
4,438.6
4,339.3
May-10
4,241.8
4,233.2
Mar-10
4,072.9
3,629.4
Jan-10
3,565.3
3,247.4
Nov-09
3,189.6
3,083.6
Sep-09
3,005.5
3,102.7
Jul-09
3,273.1
2,850.0
3,008.9
3,167.7
3,326.6
3,485.4
3,644.3
3,803.1
3,962.0
4,120.9
4,279.7
4,438.6
SHARES INDEX

13

TABLE 5 (a):

MONEY SUPPLY

KSh Million

 

MONEY AND QUASI MONEY

(M2)

BROAD

%

As at end of month

MONEY

QUASI - MONEY

 

MONEY

CHANGE***

(M3)***

*

 

(M1)*

(Commercial

 

Banks)**

(NBFIs)

TOTAL (M2)

 

2009

           

July

427,483

386,259

14,964

828,521

973,623

2.46

August

433,609

386,681

14,888

831,899

982,854

0.95

September

433,354

400,535

15,508

849,209

986,901

0.41

October

447,431

407,707

16,645

871,616

1,006,009

1.94

November

441,038

422,160

16,579

879,608

1,022,339

1.62

December

442,245

438,804

17,199

898,099

1,045,657

2.28

2010

Jan-10

463,449

440,761

12,824

916,868

1,067,271

2.07

Feb-10

457,899

467,088

13,332

938,135

1,084,345

1.60

Mar-10

465,082

480,940

13,111

959,005

1,107,896

2.17

Apr-10

476,702

478,203

13,823

698,329

1,122,790

1.34

May-10

491,196

492,940

15,202

999,145

1,159,595

3.28

Jun-10

511,584

506,184

16,099

1,033,704

1,198,930

3.39

Jul-10

523,318

504,913

16,099

1,045,021

1,214,214

1.27

Source : Central Bank of Kenya

* Currency in circulation less cash in banks plus all demand deposits except those of Central Government,Local Govt, Banks, non residents and foreign currency deposits.

**

All other deposits in commercial banks except those of Central Government.

*** Broad Money (M3) includes M2 and Quasi - Money supplied by Non Bank Financial Institutions

14

FIG 5: MONEY SUPPLY (M3)

Comparison of Broad Money Supply (M3)- 2009 and 2010

1,215.00 1,183.00 1,151.00 1,119.00 1,087.00 July 1,055.00 June 1,023.00 May 991.00 959.00 April 927.00
1,215.00
1,183.00
1,151.00
1,119.00
1,087.00
July
1,055.00
June
1,023.00
May
991.00
959.00
April
927.00
March
895.00
February
Months
2009
2010
January
KSh. Billion

15

TABLE 5b:

FOREIGN EXCHANGE RESERVES

KSh. Million

MONTHS

CENTRAL MONETARY AUTHORITY

COMMERCIAL

GROSS

NET

CENTRAL

CENTRAL

 

FOREIGN

BANK

GOVERNMENT**

TOTAL

BANKS

TOTAL

EXCHANGE

2009

           

June

246,970

1,548

248,518

123,618

372,136

279,709

July

245,554

1,548

247,102

123,813

370,915

287,432

August

248,263

1,548

249,811

117,049

366,860

272,644

September

250,002

1,548

251,550

114,538

366,088

267,556

October

258,365

1,548

259,913

115,585

375,498

271,130

November

265,901

1,548

267,449

103,871

371,320

267,999

December

263,019

1,548

264,567

92,245

356,812

245,425

2010

January

260,720

1,548

262,268

111,540

373,808

277,186

February

260,400

1,548

261,948

117,790

379,738

278,040

March

260,375

1,548

261,923

111,591

373,514

272,016

April

268,063

1,548

269,611

102,513

372,124

279,188

May

261,368

1,548

262,916

101,995

364,911

254,846

June

280,152

1,518

281,670

99,176

380,846

278,915

Source : Central Bank of Kenya

** Central Government includes reserve position in the Fund and deposits with Crown Agents.

FIG 6:

FOREIGN EXCHANGE RESERVES

379,738 366,264 352,790 339,317 325,843 312,369 298,895 285,421 271,948 258,474 245,000 KSh (million)
379,738
366,264
352,790
339,317
325,843
312,369
298,895
285,421
271,948
258,474
245,000
KSh (million)

Apr-09 May-09 Jun-09

Jul-09

Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10

Gross Foreign Reserves FOREX RESERVES

Gross Foreign Reserves

FOREX RESERVESGross Foreign Reserves

16

TABLE 6:

COFFEE SALES AND PRICES*

   

2008

 

2009

 

2010***

Months

QUANTITY

PRICE

PRICE

QUANTITY

PRICE

PRICE

QUANTITY

PRICE

PRICE

(MT)

($ /kg)

Ksh /kg)

(MT)

($ /kg) (Ksh /kg)

(MT)

($ /kg)

(Ksh /kg)

January

2,344

2.89

203.63

5,643

2.01

159.90

4,473

4.75

360.04

February

4,899

3.12

220.19

6,356

2.17

172.92

5,243

5.44

417.51

March

6,117

3.09

193.98

8,721

3.13

156.29

5,930

4.87

374.42

April

6,374

2.72

169.14

7,129

2.88

144.22

3,221

3.68

284.40

May

3,179

2.34

144.93

5,763

2.69

210.43

2,496

3.05

239.34

June

0

0.00

0.00

4,297

2.64

205.71

1,699

2.86

232.55

July

1,957

2.64

177.50

0

0

0

 

August**

2,173

2.61

179.50

4,027

3.39

258.55

September

3,878

2.37

173.56

2,137

3.34

252.30

October

2,253

1.66

132.37

1,329

3.10

234.40

November

2,517

1.95

151.92

1,283

3.62

272.36

December

3,014

2.08

161.50

2,813

4.54

340.85

Annual

38,704

2.60

177.22

49,498

2.87

195.75

 

Source : Coffee Board of Kenya * Auction Price ** Nairobi Coffee Exchange was in recess for most of August 2003, 2005,2006,2007,June 2008 and July 2009 *** Figures subject to revision NB: MT denotes Metric Tonnes

FIG.7: COFFEE SALES AT THE NAIROBI COFFEE EXCHANGE

Coffee Sales 8,725 7,853 6,980 6,108 5,235 4,363 3,490 2,618 1,745 873 0 Jan Feb
Coffee Sales
8,725
7,853
6,980
6,108
5,235
4,363
3,490
2,618
1,745
873
0
Jan
Feb
Mar
Apr
May
June
Months
2009
2010
Quantity (MT)

17

TABLE 7: TEA PRODUCTION AND PRICES*

   

2009

 

2010**

Months

QUANTITY

PRICE*

PRICE*

QUANTITY

PRICE*

PRICE*

(MT)

( $/kg )

(KShs/kg)

(MT)

( $/kg )

(KShs/kg)

January

25,484

2.30

182.33

37,713

3.00

227.47

February

21,537

2.27

180.89

34,834

3.13

239.76

March

18,779

2.32

184.04

39,175

3.01

230.75

April

18,343

2.43

193.53

35,857

2.82

217.16

May

29,803

2.49

194.33

35,618

2.53

198.56

June

25,337

2.70

210.35

 

July

21,510

2.90

221.79

August

21,231

3.06

233.94

September

27,434

3.18

240.27

October

22,760

2.78

209.56

November

35,866

3.05

228.30

December

36,114

3.21

241.69

Annual

304,198

2.77

212.64

 

Source:Tea Board of Kenya

MT for Metric Tonnes *Auction prices **Figures subject to revision

FIG.8: TEA PRODUCTION

Tea Production - 2009 and 2010

40,000 37,800 35,600 33,400 31,200 29,000 26,800 24,600 22,400 20,200 18,000 Jan Feb Mar Apr
40,000
37,800
35,600
33,400
31,200
29,000
26,800
24,600
22,400
20,200
18,000
Jan
Feb
Mar
Apr
May
2009
2010
Quantity (MT)

18

Table 8(a): Average Monthly Retail Prices for Dry Maize in the Year 2009

Ksh/kg

Market

JAN

FEB

MAR

APR

MAY

JUNE

JULY

AUG

SEPT

OCT

NOV

DEC

KIAMBU

35.0

35.0

.

.

33.8

34.7

48.6

.

.

.

32.5

.

LIMURU

30.0

32.5

.

.

37.5

37.5

37.5

.

.

32.5

30.0

.

MUTHITHI

35.0

35.0

35.0

35.0

40.0

.

.

.

.

.

.

MUKUYU

33.3

35.0

26.0

33.3

35.7

38.1

.

.

.

33.3

33.3

31.0

KIRIAINI

33.3

38.1

.

35.7

38.1

38.1

33.3 .

.

35.7

31.0

.

NANYUKI

35.3

33.3

34.2

43.8

44.4

50.0

44.4 .

44.4

44.4

44.4

44.4

SIPILI

20.0

20.0

46.6

25.0

.

.

.

.

.

25.0

.

.

MARIAKANI

33.5

35.0

35.0

35.0

35.0

35.0

35.0

35.0

.

36.0

36.0

36.0

KALOLENI

32.0

32.0

35.0

35.0

35.0

35.0

35.0

35.0

.

36.0

36.0

36.0

MALINDI

30.0

35.0

35.0

35.0

40.0

.

.

.

.

30.0

35.0

35.0

KIBAUNI KILIFI

35.0

35.0

35.0

35.0

35.0

35.0

35.0

35.0

.

.

36.0

35.0

GARSEN

22.5

.

25.0

25.0

25.0

.

.

.

.

.

RUNYENJES

35.0

37.5

37.5

37.5

40.0

35.0

35.0

.

30.0

30.0

32.5

.

EMBU TOWN

37.5

37.5

37.5

51.2

42.5

40.0

35.0

.

30.0

35.0

32.5

.

SIAKAGO

29.6

35.7

37.5

.

43.2

38.1

37.5

35.0

.

32.5

32.5

32.5

MIGWANI

.

35.0

33.0

40.0

35.0

34.0

30.0

.

.

50.0

50.0

28.0

MACHAKOS TOWN

31.6

33.0

32.0

33.0

38.9

32.0

33.0

.

.

.

30.0

.

TALA

30.0

.

.

.

.

.

.

.

.

.

MWENDANTU

31.8

27.3

27.3

30.0

32.0

33.0

35.0

.

.

29.1

27.3

30.0

WOTE

30.0

30.0

30.0

32.0

.

32.0

32.0

.

.

32.0

28.0

.

GARISSA TOWN

40.0

38.9

.

.

.

.

.

.

.

.

DARAJA MBILI

28.6

31.8

31.8

38.6

33.3

31.8

.

.

.

31.8

29.5

29.5

BONDO

30.0

35.0

.

.

.

.

.

.

.

.

.

.

KABARNET

25.0

29.0

30.0

35.0

35.0

.

.

.

.

.

.

.

KAPSABET

23.9

32.6

32.6

35.7

40.5

35.7

.

.

.

.

.

.

KITALE

26.2

28.6

35.0

35.0

.

37.5

35.0

.

35.0

30.0

30.0

.

ELDORET

27.3

29.5

29.8

31.0

33.3

40.0

40.0

40.0

.

30.0

27.5

30.0

TURBO

26.2

28.6

.

31.0

31.0

40.0

40.0

40.0

.

22.0

20.0

20.8

KIPKAREN

25.0

32.5

31.8

33.3

37.5

41.0

37.5

32.5

.

21.2

22.0

22.0

KAIADO TOWNSHIP

.

.

.

50.0

.

.

.

.

.

BUNGOMA TOWN

27.3

.

31.8

35.0

40.0

40.0

37.5

37.5

30.0

.

30.0

30.0

KIMILILI

.

.

.

.

.

37.5

40.0

.

.

25.0

27.5

30.0

KAPSOKWONY

.

.

.

.

42.5

40.0

.

.

.

27.5

25.0

27.5

MUDETE

28.6

35.7

33.3

38.1

35.7

.

.

.

.

.

.

.

CHEPTULU

28.6

33.3

33.3

38.1

35.7

.

.

.