Stanbic March 2025 PMI Rises To 51.7 From 50.6 Last Month, The Highest In 10 Months

The Stanbic March 2025 PMI rose to 51.7 – the highest in ten months – from 50.6 last month, signaling improved sentiments around Kenya’s private sector business conditions.

This growth was driven by a sharp increase in new business inflows, the fastest in over two years, attributed to enhanced marketing efforts, favorable weather, and new customer acquisitions.

Most sectors, including services and retail, saw expansions in output and sales, with manufacturing being the only exception, experiencing contractions.

Businesses increased input purchasing at the fastest rate in two-and-a-half years, leading to modest inventory growth. Inflationary pressures eased with restrained rises in input costs and selling prices, marking the softest price increases in five months.

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Employment growth remained limited as firms faced capacity constraints and subdued confidence about future output prospects. Despite challenges like inflation and cash flow issues, the private sector showed resilience, supported by strategic efforts to boost sales and activity.

However, businesses expressed cautious optimism about future growth, citing plans for diversification and expansion.

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