Browsing: impact of inflation on Kenyan businesses

Kenyan businesses perfomance 2022
  • The PMI Survey has found that Kenyan businesses witnessed increased demand for their exports in the international market in November 2022
  • New order inflows received by Kenyan businesses rose in November, extending the current growth sequence to three months
  • Although marginal in November, the rate of employment growth was the quickest since July 2022, attributable to a rise in new orders

Kenyan businesses witnessed increased demand for their exports in the international market in November 2022. This is according to the latest Purchasing Managers’ Index (PMI) commissioned by Stanbic Bank Kenya. The index found that the rise in export orders strengthened further from October figures, having increased in each month since April 2022.

At the same time, new order inflows received by Kenyan businesses rose in November, extending the current growth sequence to three months. The rate of increase accelerated from the previous survey period and was modest but slower …