NAIROBI (Reuters) – Kenya’s non-public sector exercise expanded very barely in December, with development slowing a little bit from a month earlier however remaining supported by elevated buyer gross sales, a survey confirmed on Monday.
The Stanbic Financial institution Kenya Buying Managers’ Index (PMI) dipped to 50.6 in December from 50.9 a month earlier. Readings above 50.0 sign an growth in exercise.
“Positively, that is the primary quarter of growth in output since (the fourth quarter of 2021), suggesting that the non-public sector is displaying indicators of turning round with new orders and employment additionally in expansionary territory,” stated Christopher Legilisho, an economist at Stanbic Financial institution.
The financial system is estimated to have grown 5.2% in 2024 and projected to develop 5.4% in 2025, the finance ministry says. The financial system grew 5.6% in 2023.
