By PATRICK ALUSHULAMore by this AuthorPrivate firms raised employment at the fastest pace since April as growth rebounded in October, driven by higher output due to sharp increase in new business orders. The latest Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) rose to 54.0 in October, up from 52.7 in September as businesses reported new orders to meet higher demand. “Private sector firms in Kenya raised employment for the eleventh month in a row in October. However, during the month, firms continued to raise selling prices despite inflation easing. Staff costs also continued to g row, with the rate of wage inflation marginally quicker than seen in September.

Source: Daily Nation November 05, 2018 18:56 UTC