Kenya private sector activity rises in July, PMI shows
Kenya's private sector activity showed signs of recovery in July, with the Purchasing Managers' Index rising to 51.3. However, growth remains constrained by persistent inflation and logistics challenges.
Why it matters
The PMI data provides a key indicator of economic health in East Africa's largest economy, signaling potential recovery trends.
NAIROBI, Aug 5 (Reuters) – Kenya’s private sector activity expanded in July, though inflation pressures and logistics bottlenecks limited the pace of growth, a survey showed on Wednesday.
The Stanbic Bank Kenya Purchasing Managers’ Index rose to 51.3 from 50.0 in June, suggesting demand is beginning to recover, the bank’s economist said.
• Readings above 50.0 indicate growth in business activity; those below signal contraction.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in