×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Private sector’s activity shrinks during electioneering period

Rising political temperatures in October had a toll on the private sector, with hiring and new orders declining sharply, according to Stanbic Bank.

The latest Purchasing Manager’s Index (PMI), an important barometer for the health of the country’s private sector, fell to a record 34.4 in October compared to 40.9 in September with output and new orders contracting.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in