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Kenya’s business activity shows first expansion since Aug, PMI survey shows

Kenya’s business activity shows first expansion since Aug, PMI survey shows

KENYA'S private sector activity bounced back in February to record its first expansion since August, helped by easing inflation and gains in agriculture, manufacturing and services, a survey showed. The Stanbic Bank Kenya Purchasing Managers' Index (PMI) jumped to 51.3 in February from 49.8 a month earlier. Readings above 50.0 signal growth, while those below point to a contraction. It is the first time since August that the figure has gone above 50. "Business activity expanded across the Kenyan private sector ... as a further softening of inflationary pressures supported a fresh increase in new order volumes," Stanbic Bank said…
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