Kenya: Kenya Posts Highest Growth in 10 Months Despite Low Business Optimism – PMI Report

Kenya recorded its highest level of growth in ten months due to a stronger improvement in business conditions, even as optimism for growth remains at a minimum.

According to the latest Stanbic Kenya PMI Report, Kenya recorded a reading of 51.7 in March, up from 50.6 in February, above the average series of 51.2. Readings above 50.0 signal an improvement in business conditions, while readings below 50.0 indicate a deterioration.

Key trends observed in March included accelerated growth in…