{"id":12324,"date":"2020-08-05T17:30:10","date_gmt":"2020-08-05T17:30:10","guid":{"rendered":"https:\/\/www.africa-press.com\/kenya\/?p=12324"},"modified":"2020-08-05T17:30:10","modified_gmt":"2020-08-05T17:30:10","slug":"kenya-private-sector-expands-at-strongest-level-in-a-year-pmi","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-private-sector-expands-at-strongest-level-in-a-year-pmi","title":{"rendered":"Kenya private sector expands at strongest level in a year: PMI"},"content":{"rendered":"<p><strong>Author: REUTERS\u00a0<\/strong><br \/>\n<strong>AfricaPress-Kenya:<\/strong> Activity in Kenya\u2019s private sector rose at its fastest pace in a year last month on the back of a gradual easing of coronavirus lockdown measures, a survey showed on Wednesday.<\/p>\n<p>The Markit Stanbic Bank Kenya Purchasing Managers\u2019 Index (PMI) jumped to 54.2 in July, from 46.6 in the previous month, well above the 50.0 mark that separates growth from contraction. July\u2019s level was the highest since June last year.<\/p>\n<p>\u201cThe removal of county travel restrictions supported output and business sentiment in July,\u201d said Jibran Qureishi, head of Africa Research at Stanbic Bank, referring to the opening up of the capital Nairobi and the port city of Mombasa.He said the outlook was uncertain, however.<\/p>\n<p>Firms continued to shed jobs in July, the survey found, but a slower pace than in the previous months.The government cut its GDP growth forecast for this year to about 2.5% due to the pandemic, from an initial 6 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Author: REUTERS\u00a0 AfricaPress-Kenya: Activity in Kenya\u2019s private sector rose at its fastest pace in a year last month on the back of a gradual easing of coronavirus lockdown measures, a survey showed on Wednesday. The Markit Stanbic Bank Kenya Purchasing Managers\u2019 Index (PMI) jumped to 54.2 in July, from 46.6 in the previous month, well [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":12321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[4482,5045],"class_list":["post-12324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-private-sector","tag-stanbic-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kenya private sector expands at strongest level in a year: PMI - kenya<\/title>\n<meta name=\"description\" content=\"Activity in Kenya\u2019s private sector rose at its fastest pace in a year last month on the back of a gradual easing of coronavirus lockdown measures, a survey\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-private-sector-expands-at-strongest-level-in-a-year-pmi\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenya private sector expands at strongest level in a year: PMI\" \/>\n<meta property=\"og:description\" content=\"Activity in Kenya\u2019s private sector rose at its fastest pace in a year last month on the back of a gradual easing of coronavirus lockdown measures, a survey\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-private-sector-expands-at-strongest-level-in-a-year-pmi\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-05T17:30:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/08\/private_sector_expan5f2adcd6b5974.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"487\" \/>\n\t<meta property=\"og:image:height\" content=\"321\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-private-sector-expands-at-strongest-level-in-a-year-pmi#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-private-sector-expands-at-strongest-level-in-a-year-pmi\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kenya private sector expands at strongest level in a year: PMI\",\"datePublished\":\"2020-08-05T17:30:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-private-sector-expands-at-strongest-level-in-a-year-pmi\"},\"wordCount\":168,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-private-sector-expands-at-strongest-level-in-a-year-pmi#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/08\/private_sector_expan5f2adcd6b5974.jpg\",\"keywords\":[\"Private sector\",\"Stanbic Bank\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-private-sector-expands-at-strongest-level-in-a-year-pmi#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-private-sector-expands-at-strongest-level-in-a-year-pmi\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/kenya-private-sector-expands-at-strongest-level-in-a-year-pmi\",\"name\":\"Kenya private sector expands at strongest level in a year: PMI - 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