Private sector activity hits 13-month high, signals more jobs

Stanbic Bank East Africa regional economist Jibran Qureishi. FILE PHOTO | NMG

The private sector reported expanded economic activity last month to touch a 13-month high, signalling hopes of more job prospects and improved tax revenue.

The latest Purchasing Managers Index (PMI) by HIS Markit and Stanbic Bank Kenya, which tracks private-sector activity, shows business activity jumped to 54.1 in September from 52.9 in August on the back of the an improvement in operating conditions.

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