×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Read on the App

Private sector activity growth in August slows, firms cut staff

Growth in Kenya’s private sector activity slowed in August, hurt by firms laying off staff to help cut their costs, a survey showed on Thursday.

The Markit Stanbic Bank Kenya Purchasing Managers Index (PMI) fell to 53.0 from 54.2 in July, but held above the 50.0 mark that separates growth from contraction. July’s level was the highest since June last year.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • 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

Related Topics

Markit Stanbic Bank