Browsing: business conditions in Kenya

Kenya’s private sector activities contracted in September as high fuel prices and inflation took a toll on businesses, which saw a drop in sales, the latest Purchasing Managers Index (PMI) now indicates.

Stanbic Bank Kenya’s PMI slid back into negative territory at the end of the third quarter, as firms saw a sharp contraction in new orders following a brief respite in August. In the period, elevated inflationary pressures and rising fuel bills dampened client sales, leading to the second-fastest rise in input costs in the survey’s near-decade history.…

• Businesses in Kenya only saw a mild improvement in operating conditions in October 2022
• The latest Purchasing Managers’ Index showed that ongoing concerns about the rising cost of living led to a softer expansion in new orders and a renewed drop in output
• Inflationary pressures remained severe, as firms highlighted a record increase in purchasing costs from the previous month

According to the latest Purchasing Managers’ Index, businesses in Kenya only saw a mild improvement in operating conditions in October 2022.

The Stanbic Bank Kenya survey showed that ongoing concerns about the rising cost of living led to a softer expansion in new orders and a renewed drop in output.

Despite this, employment continued to rise amid increased backlogs, while firms were the most upbeat about the
outlook for activity since July 2021.

“October’s PMI continued to signal an improvement in business conditions, albeit with a loss of momentum
compared …

• 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 …

• Kenya’s Purchasing Managers’ Index (PMI) fell below the 50 points mark to 44.2 in August 2022, down from 46.3 in July, to indicate deteriorating conditions for businesses in the country
• Businesses in Kenya were negatively affected by the August 2022 general elections, further deepening woes currently being experienced in the country’s private sector
• The decline was the lowest seen since the lockdown hit a period in April 2021 and was led by the construction and manufacturing sectors

Kenya’s Purchasing Managers’ Index (PMI) fell below the 50 points mark to 44.2 in August 2022, down from 46.3 in July, to indicate deteriorating conditions for businesses in the country.

As indicated in the August 2022 PMI survey, businesses in Kenya were negatively affected by the August 2022 general elections, further deepening woes currently being experienced in the country’s private sector.

The decline was the lowest seen since the lockdown hit a period …

• 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 …

• Kenyan companies saw renewed deterioration in business conditions in April 2022, on the back of a decrease in customer demand in response to rising consumer prices and living costs
• The Purchasing Managers Index (PMI) survey by Stanbic Bank indicates that the decline in operating conditions was underlined by a renewed fall in new order volumes
• The Stanbic PMI reading fell below the 50-point neutral mark in April to 49.5 from 50.5 in March

A new report shows that Kenyan companies saw renewed deterioration in business conditions in April 2022, on the back of a decrease in customer demand in response to rising consumer prices and living costs.

The Purchasing Managers Index (PMI) survey by Stanbic Bank indicates that the decline in business conditions, which was the quickest seen since April 2021, was underlined by a renewed fall in new order volumes.

According to survey panellists, lower sales was the principal …

Kenya’s Purchasing Managers’ Index (PMI) fell from 51.1 in August to 50.4 in September, signalling an overall improvement in operating conditions.

The PMI survey commissioned by Stanbic Bank indicated that the pace of improvement was marginal and was the weakest seen in the current five-month sequence of growth.

During the month, output and new orders rose, driven by a continued recovery in demand from the strict lockdown earlier in the year.

Exports were also a key source of growth, as foreign orders increased at the fastest rate since October 2020.

Business activities in Uganda continue to rise

Impact of Fuel Hike

The survey found that a rise in living costs had weakened consumer spending, leading to a softer – and only marginal – rate of total sales growth.

Subsequently, the rate at which business activity expanded was the slowest seen since the return to growth
following April’s lockdown-induced decline.

The …