PREMIUM Kenyan firms more optimistic of output growth despite August slowdown Companies 18 min ago
The latest Stanbic Bank Kenya Purchasing Managers’ Index (PMI) survey shows that year-ahead output expectations rose to their highest level since February 2023, reflecting stronger confidence in future demand and investment.
Firms with a positive outlook cited planned spending on marketing, capacity expansion, product diversification and new technology as key reasons for expecting stronger output over the coming year.
More hiring Companies also increased hiring for the third consecutive month at an above-average pace as they sought additional capacity to meet anticipated demand growth and planned expansion.
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