Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Quote:Jump in new orders boosts Kenyan private-sector activity - PMI - Reuters News
NAIROBI, Jan 5 (Reuters) - Kenya's private-sector activity
rose in December after new orders for companies increased at the
fastest pace in 11 months, a survey showed on Thursday.
The Markit Stanbic Bank Kenya Purchasing Managers' Index
(PMI) rose to 54.1 from 53.3 in November, well above the 50.0
point that marks growth.
"Strong domestic and external demand led to an improvement
in business operating conditions during the festive period,"
said Jibran Qureishi, regional economist for East Africa at
Stanbic Bank.
The survey found orders placed with private companies
accelerated at their fastest pace in nearly a year, driving
hiring, as businesses raced to meet the demand.
"Job growth rose to a 10-month high as firms scrambled to
increase headcount in order to mitigate backlogs that have been
building up over the past couple of months," Qureishi said.
Costs of production rose, the survey found, pointing to
potential inflationary pressures this year, he said.
Yeah, right! Obviously his survey seems very limited...wonder which multinationals he included.  Business opportunities are like buses,there's always another one coming
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