5 October 2022Business activity in Kenya increased in September, helped by the conclusion of the general election
As a result, the headline index posted in September was at 51.7, up sharply from 44.2 in August. The reading signalled a renewed and modest improvement in overall business conditions. Readings below 50 indicated a deterioration in business activity, while readings above 50 show improved performance.However, many panellists of the report noted that the cost-of-living crisis and low money circulation had continued to weigh on growth.
respondents cited that the end of the election period had led to higher customer turnout, but inflationary pressures remained a key constraint. However, others cited the non-replacement of leavers and efforts to reduce the number of casual employees.
Source: News Formal (newsformal.com)
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