By PATRICK ALUSHULAMore by this AuthorNew export orders from Kenyan businesses rose the fastest in four months on higher foreign demand, shrugging off the slow start common with January. The latest Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) covering January shows that increased demand saw businesses clear backlogs at the fastest rate in 14 months. “New export orders increased at the sharpest rate since October, with many businesses reporting higher foreign demand. The rate of growth eased to the least marked in four months, although it was still a solid improvement, according to Stanbic. “However, despite these risks, lower international oil prices should help keep costs suppressed for the private sector and thus underpin purchasing activity.”

Source: Daily Nation February 05, 2019 19:07 UTC