Browsing: PMI Kenya

• 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 …

• 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 …