- Kenya’s input prices and output charges rise at much softer rates.
- New orders decrease slightly, survey shows.
- Declines in output and employment ease.
Kenya’s private sector business conditions showed a strong move towards stability in December 2023, as revealed by the latest Purchasing Managers’ Index findings, even though businesses remained less optimistic about the future into 2024.
According to the Stanbic Bank Kenya PMI compiled by S&P Global, rises in input costs and output prices were the softest since April of the previous year, having slowed markedly from record highs in October.
Kenya’s private sector experiences uptick in client spending
Consequently, many companies experienced a recovery in new work amid improved client spending, offsetting the impact of cost-of-living pressures. As a result, new orders, output, and employment all declined to lesser degrees.
The headline figure derived from the survey is the PMI. Readings above 50.0 signal an improvement in …
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