For the first time since February, the Kenya PMI registered in expansion territory, increasing from 50.0 in June to 51.3 in July.
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The volume of new business received by Kenyan private sector companies remained broadly stable in April, as has been the case throughout 2024 on balance. This continued a relative improvement compared with 2023 when new orders fell ten times.
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The rise in input costs translated into another marked uplift in firms' output charges, which was also slightly softer than October's survey record.
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The headline PMI registered below the 50.0 neutral mark for the fifth month running in June.
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Through collaboration, we have seen the current government implement mega projects in different sectors of the economy, CS Kagwe said.
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