Browsing: Business improvement in Kenya

• 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 …