Browsing: business activities in Kenya

• Business activity in Kenya increased in September, helped by the conclusion of the general election 
• The Purchasing Managers’ Index (PMI) commissioned by Stanbic Bank shows that the growth in business activity in Kenya was the first recorded in seven months 
• As a result, the headline index posted in September was at 51.7, up sharply from 44.2 in August.
• The reading signalled a renewed and modest improvement in overall business conditions.

A new report has shown that the conclusion of the general election in Kenya led to increased business activity in the country in September.

According to the Purchasing Managers’ Index (PMI) commissioned by Stanbic Bank, the growth in business activity in Kenya was the first recorded in seven months.

Business activity in Kenya was supported by customer demand growth following the general elections’ end.

It was also supported by an improvement in supply chains, encouraging firms to purchase more …

• A survey by Stanbic Bank shows Kenyan businesses registered a drop in activity in May 2022 for the third consecutive month
• The PMI posted below the 50.0 mark for the second consecutive month in May, falling to 48.2 from 49.5 in April
• There were back-to-back declines in new orders across the Kenyan economy for the first time since the initial wave of the COVID-19 pandemic

Kenyan businesses registered a drop in activity in May 2022 for the third consecutive month, a new survey by Stanbic Bank has shown.

Stanbic’s latest Purchasing Managers’ Index (PMI) survey indicates that the latest downturn was the quickest seen since April 2021.

According to panellists of the survey, a price-led slump in demand and rising input costs were the main factors behind the fall in activity. The Stanbic Bank Kenya PMI covers sectors, including agriculture, mining, manufacturing, construction, wholesale, retail and services.

“For the first …