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Browsing: Stanbic PMI Report
- Stanbic PMI Report shows that purchasing efforts accelerated in October, leading to the greatest upturn in inventories since August 2023.
- PMI readings below 50 signals a decline in month-on-month private sector activity, while levels above point to growth.
- While tax payments and higher material prices drove expenses up at several firms, reduced fuel prices partly countered this.
Kenya’s private sector activity improved marginally in October, boosted by a rise in employment and growth in output, according to the Stanbic PMI Report. The Stanbic Kenya Purchasing Managers’ Index (PMI), which measures the performance of key private sector indicators such as output, new orders, and employment, rose slightly to 50.4 in October from 50.0 in September.
PMI readings below 50 signal a decline in month-on-month private sector activity, while levels above point to growth. The index shows that activity in the review period expanded amid a broad stabilization of new work, …