Kenya business activity rose in December 2015 due to strong demand
361 views · Published 10 January 2016 · 4:46 · Indexed 27 October 2026
Channel: CGTN Africa · 2016 · News & Politics
In Kenya, business activity expanded in December as a result of rising domestic demand that spurred production, hiring and purchasing by firms. CFC Stanbic Kenya Purchasing Managers' Index rose to 55.5 last month from 53.7 in November. A 50-point line denotes growth in business activity. The PMI is one of the indicators watched by the central bank's Monetary Policy Committee. The quarterly average was however the weakest since Stanbic Kenya PMI began in January 2014.
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