Economic recovery points to more jobs

Production Workers at a Nairobi-based food processing factory. FILE PHOTO | NMG

The private sector reported expanded economic activity in December, the first time the indicator showed positive growth since April, signalling hopes of more job prospects and improved tax collection after a bruising election year.

The Stanbic Bank Kenya Purchasing Managers Index (PMI) for December rose to 53 from 42.8 in November, crossing the 50 mark that separates expansion from contraction.

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Note: The results are not exact but very close to the actual.