Browsing: Global material prices

With input demand rising, alongside increases in tax burdens and global material prices, firms’ overall costs grew at the sharpest pace since September 2018. www.theexchange.africa

The index pointed to a solid improvement in the health of the private sector economy, helped by a recovery in business activity as Covid-19 cases continued to fall across the country.

New business levels at Kenyan companies rose sharply in February, as survey panellists commented on a rebound in customer demand and increased marketing efforts.

The rate of growth was the second-fastest since October 2020.

Export sales rose to a much greater extent than in January, but growth remained weaker than seen in the fourth quarter of last year.