PMI Index for Kenya picks up in August

nairobi city county
[Image source: African Arguments | Credit: Nina R.]


Kenyan Wall Street | by Jackson Okoth


The Stanbic Bank Kenya Purchasing Manager Index (PMI) edged up slightly to 51.1 in August 2021 from 50.6 in July, mainly driven by faster growth in new business and accelerated new order levels.

The latest reading pointed to growth in private sector activity for a fourth straight month, although it was…

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