- 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 points to growth.
- While tax payments and higher material prices drove expenses up at several firms, this was partly countered by reduced fuel prices.
Kenya’s private sector activity improved marginally in October boosted by a rise in employment levels, and growth in the output levels, according to 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 September.
PMI readings below 50 signals a decline in month-on-month private sector activity, while levels above points to growth. The index shows activity in the review period expanded amid a broad stabilisation of …
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