New orders help Kenya's private sector rebound in July -PMI

Activity in Kenya's private sector rebounded in July as new orders rose and domestic demand remained solid, a survey showed on Wednesday.

The Markit CFC Stanbic Kenya Purchasing Managers' Index (PMI) rose to 53.3 last month after falling to 51.5 in June, the lowest reading since the data series began in January 2014. A reading above 50 denotes growth.