KSH: in the second quarter of 2024, according to raw data, the performance of the economy exceeded the same period of the previous year by 1.5 percent

In the first half of 2024, according to raw data, the performance of the economy was 1.3 percent higher than in the same period of the previous year, and according to seasonally and calendar-adjusted and balanced data, it was 1.5 percent higher.

The volume indices reported in the second estimate did not change compared to the first estimate.

On the production side, the performance of industry fell by 2.4 percent, including that of the manufacturing industry, by 3.7 percent compared to the same period of the previous year in the second quarter. Among the manufacturing sectors, the production of electrical equipment and the production of road vehicles contributed the most to the decline, and the food industry was the most responsible for the industrial decline.

The added value of the construction industry exceeded the same period of the previous year by 6.2 percent, but that of agriculture fell by 5.2 percent as a result of the drought.

The gross added value of services increased by a combined 2.4 percent. The largest increase (7.2 percent) occurred in the national economy branch of accommodation and hospitality. The added value of art, leisure and other services increased by 6.9 percent, that of human health and social care by 4.7 percent, and that of information and communication by 3.3 percent.