Private sector activity in Kenya defied ravaging floods to grow at the fastest pace in more than one and a half years, largely helped by easing inflationary pressures and stabilising shilling, findings of a closely-watched monthly survey suggested Wednesday.
The Stanbic Kenya Purchasing Managers Index (PMI) — a month-on-month measure for private sector activity such as output, new orders, and employment— rose to 51.8 in May from 50.1 a month earlier.
