Browsing: Kenya Purchasing Managers’ Index

• 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 …