NAIROBI (Reuters) -Kenya’s private sector expanded for the second month in a row in October, and at its fastest pace since December 2021, helped by improved performance across all sectors, a survey showed on Wednesday.
The Stanbic Bank Kenya Purchasing Managers’ Index jumped to 52.5 in October from 51.9 a month earlier. Readings above 50.0 indicate growth in business activity, while those below that signal contraction.
“Output growth across Kenya’s private sector accelerated to its fastest pace in nearly four years in October. The sharper upturn was supported by activity expansions in all five sub-sectors monitored by the survey,” Stanbic Bank said in comments accompanying the survey.
Kenya’s finance ministry forecasts the economy to grow 5.3% in 2025 and 2026, up from 4.7% in 2024.
(Reporting by George Obulutsa; Editing by Hugh Lawson)
