Sharp Daily
No Result
View All Result
Friday, May 30, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Analysis

Kenya’s private sector sees modest growth in October

Patricia Mutua by Patricia Mutua
November 8, 2024
in Analysis
Reading Time: 1 min read
A general view of leaders attending the European Political Community Summit at the Puskas Arena, in Budapest, Hungary, November 7, 2024. REUTERS/Marton Monus

A general view of leaders attending the European Political Community Summit at the Puskas Arena, in Budapest, Hungary, November 7, 2024. REUTERS/Marton Monus

Kenya’s private sector experienced a slight improvement in business conditions in October, with activity levels and employment showing positive growth, according to the Stanbic’s Purchasing Managers’ Index (PMI) for the month of October 2024.

The headline PMI rose to 50.4 in October from 49.7 in September, signaling a marginal upturn in the health of the private sector. A PMI reading above 50.0 indicates growth, while a reading below that level suggests contraction.

October marked the second increase in business activity within three months, driven by rising sales and increased client interest. This occurred despite ongoing challenges such as cash flow issues and political uncertainty.

Employment levels also saw a modest rise for the first time since July. “Despite the slight rise in output, many firms continued to struggle with cash flow constraints, tough economic conditions, rising costs, and political uncertainty,” the survey reported.

RELATEDPOSTS

International Monetary Fund

How Kenya’s move away from IMF Loans could reshape its economic future

May 26, 2025

Digital lending in Kenya: Convenience meets controversy

May 16, 2025

Purchasing efforts accelerated, leading to the most significant increase in inventories since August 2023. Firms were stocking up in anticipation of new customers. Input cost pressures remained mild, leading to only a slight rise in average prices charged.

Confidence regarding future business activity rose to a four-month high, with firms planning to open new outlets and invest in products and marketing. However, sentiment remained subdued compared to historical trends.

While input prices rose modestly due to higher tax payments and material costs, reduced fuel prices helped keep overall cost burdens lower than the previous year. As a result, the increase in selling prices was among the slowest in nearly four years.

This slight improvement in business conditions, despite ongoing challenges, reflects a cautious optimism within Kenya’s private sector as firms look toward future growth and expansion.

Previous Post

CCTV Footage Links Suspect to Mutilation Case at Lang’ata

Next Post

The modern blueprint for land efficiency in urban real estate

Patricia Mutua

Patricia Mutua

Related Posts

Analysis

Kisumu airport to become Kenya’s agro-export powerhouse

April 30, 2025
Analysis

Can Kenya’s insurance sector grow without strengthening reinsurance?

April 8, 2025
Analysis

What an interest rate cut means and its economic implications

February 13, 2025
Analysis

Active risks in short selling and passive income alternatives

January 2, 2025
Analysis

How sector rotation can optimize your investment strategy

January 2, 2025
Analysis

Avoiding the investment stampede: A guide to disciplined decision-making

January 2, 2025

LATEST STORIES

Best investments for Kenyan seniors: Secure, predictable & low-risk

May 30, 2025

Why June is the Secret Sweet Spot for Travel

May 30, 2025

Strategies to elevate more women to corporate leadership

May 30, 2025

Tap on Kenya’s 2025 tech revolution

May 30, 2025

How CURBS supports employers and employees

May 30, 2025

NSE deserves more attention from young investors

May 29, 2025

The silent strain of remote work on Kenya’s urban workforce

May 29, 2025

How Kenya’s crypto bill could reshape the digital economy

May 29, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024