Kenya experienced the highest rate of growth in two years, as most sub-sectors experienced an upward trend in fortunes.
According to the Stanbic Kenya Performing Managing Index (PMI), April recorded an index of 52.0, up from 51.7 in March, and was at its highest level since the beginning of 2023.
Readings above 50.0 signal an improvement in business conditions from the previous month, while readings below 50.0 show a deterioration.
Strengthening customer demand led to the fastest rise in new work in over three years, prompting a solid expansion in output and steep growth in purchasing. An elaborate representation of investment and growth.
