Kenya Private Sector Growth Rises in October
Kenyas private sector expanded for a second consecutive month in October as the purchasing managers index rose to 52.5. Manufacturing showed strong gains driven by firmer demand, though rising inflation and price pressures remained a key concern for businesses.
Insights:
Kenya's private sector activity expanded for a second consecutive month in October, driven by manufacturing gains despite persistent inflation pressures. The latest survey points to stronger demand and rising business confidence across the region. However, cash-flow challenges and cautious hiring continue to temper the broader economic recovery.