NAIROBI, Kenya, Dec 5 – Kenya’s private sector activity improved in November, driven by increased output and new orders, according to Stanbic Bank Kenya’s Purchasing Managers’ Index (PMI).
The PMI rose to 50.9, up from October’s 50.4, marking the highest growth rate in six months and the second consecutive month of expansion.
A PMI reading above 50 indicates growth in business conditions.
Christopher Legilisho, an economist at Standard Bank, attributed the growth to improved customer spending and increased travel, boosting sales in services, wholesale, and retail sectors.
However, agriculture, manufacturing, and construction sectors reported declines in new orders.
While employment levels expanded for the second month, job creation slowed compared to October, as some firms hired to handle higher workloads and increased marketing activities.
