Kenya’s private sector growth improved in November, after easing in the previous two months, survey figures from Markit Economics showed Thursday.
The seasonally adjusted Cfc Stanbic Bank Kenya PMI rose to 53.7 in November from 51.7 in the previous month. A score above 50 indicates expansion in the sector. However, it was still below the series average of 55.0.
The overall expansion was supported by robust increase in Output and the rate of growth accelerated to a three-month high in November.
New orders grew sharply in November. Moreover, the rate of expansion quickened to the fastest since August. In contrast, new export orders stagnated during the month, following fifteen successive months of growth.
Employment level in the sector increased further in November. The rate of job creation picked up to the fastest in four months.
On the price front, both input costs and output charges rose at slower rates in November.
The material has been provided by InstaForex Company – www.instaforex.com