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UPDATE 1-Kenya GDP growth at 6.3 pct yr/yr in Q2 2018
2 MIN READ
(Adds details, background)
NAIROBI, Sept 28 (Reuters) - Kenya’s economy expanded faster in the second quarter of this year than in the same period last year due to better performance in agriculture, manufacturing, accommodation and food services, the statistics office said on Friday.
The Kenya National Bureau of Statistics said the economy grew 6.3 percent year-on-year from 4.7 percent in the second quarter 2017.
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It said the agriculture, forestry and fishing sector grew 5.6 percent compared from 0.8 percent in the second quarter of 2017, helped by improved weather.
“The sector’s performance was mainly supported by substantial increases in output of growing of crops and animal production sub-sectors,” KNBS said.
Manufacturing grew by 3.1 percent from a 0.2 percent contraction in second quarter 2017.
“The improvement in the sector was partly attributable to agro-processing activities that benefited substantially from increased agricultural production during the period under review,” the statistics office said.
It said accommodation and food service activities grew by 15.7 percent from 12.6 percent in second quarter 2017. The sector includes the tourism industry.
“The increased activity in the sector was mainly attributable to improved security situation, stable political environment in the country and aggressive marketing strategies undertaken by the government,” it said.
However, financial and insurance activities slowed to a growth of 2.3 percent from 3.5 percent, while construction expanded at a slower 9.5 percent from 6.1 percent.
The government forecasts a the economy will expand by 6.2 percent in 2019, up from a forecast 6.0 percent this year. (Reporting by George Obulutsa Editing by Matthew Mpoke Bigg)
UPDATE 1-Kenya GDP growth at 6.3 pct yr/yr in Q2 2018 | Reuters
Na ndani ya Q1 2018 uchumi ulikua kwa 5.7%
Kenya economy grew by 5.7pc in Q1 2018: IMF
Kenya economy grew by 5.7pc in Q1 2018: IMF - Capital Business
2017 2018
Q1 = 4.9% 5.7%
Q2 = 4.7% 6.3%
Ukilinganisa 1st quarter na second quarter za 2017 vs 2018, unagundua GDP growth ndani ya Q2 2017 ilizidi kupungua zaidi, lakini in 2018 Q2 GDP growth imezidi kupanda zaidi... hadi serikali imepandisha forecast ya mwaka mzima 2018 kutoka 6.0% hadi 6.3%.
kwa kifupi, the economy is finally recovering, wabunge wanafaa wameze matapishi yao na waondoe ile interest cap law ili tukue kwa 7% hivi
2 MIN READ
(Adds details, background)
NAIROBI, Sept 28 (Reuters) - Kenya’s economy expanded faster in the second quarter of this year than in the same period last year due to better performance in agriculture, manufacturing, accommodation and food services, the statistics office said on Friday.
The Kenya National Bureau of Statistics said the economy grew 6.3 percent year-on-year from 4.7 percent in the second quarter 2017.
SPONSORED
It said the agriculture, forestry and fishing sector grew 5.6 percent compared from 0.8 percent in the second quarter of 2017, helped by improved weather.
“The sector’s performance was mainly supported by substantial increases in output of growing of crops and animal production sub-sectors,” KNBS said.
Manufacturing grew by 3.1 percent from a 0.2 percent contraction in second quarter 2017.
“The improvement in the sector was partly attributable to agro-processing activities that benefited substantially from increased agricultural production during the period under review,” the statistics office said.
It said accommodation and food service activities grew by 15.7 percent from 12.6 percent in second quarter 2017. The sector includes the tourism industry.
“The increased activity in the sector was mainly attributable to improved security situation, stable political environment in the country and aggressive marketing strategies undertaken by the government,” it said.
However, financial and insurance activities slowed to a growth of 2.3 percent from 3.5 percent, while construction expanded at a slower 9.5 percent from 6.1 percent.
The government forecasts a the economy will expand by 6.2 percent in 2019, up from a forecast 6.0 percent this year. (Reporting by George Obulutsa Editing by Matthew Mpoke Bigg)
UPDATE 1-Kenya GDP growth at 6.3 pct yr/yr in Q2 2018 | Reuters
Na ndani ya Q1 2018 uchumi ulikua kwa 5.7%
Kenya economy grew by 5.7pc in Q1 2018: IMF
Kenya economy grew by 5.7pc in Q1 2018: IMF - Capital Business
2017 2018
Q1 = 4.9% 5.7%
Q2 = 4.7% 6.3%
Ukilinganisa 1st quarter na second quarter za 2017 vs 2018, unagundua GDP growth ndani ya Q2 2017 ilizidi kupungua zaidi, lakini in 2018 Q2 GDP growth imezidi kupanda zaidi... hadi serikali imepandisha forecast ya mwaka mzima 2018 kutoka 6.0% hadi 6.3%.
kwa kifupi, the economy is finally recovering, wabunge wanafaa wameze matapishi yao na waondoe ile interest cap law ili tukue kwa 7% hivi
