Jobs Surge as Private Growth Slows

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Kenya’s private sector growth eased slightly in December, even as job creation reached its fastest pace in more than six years, according to the Stanbic Bank Kenya Purchasing Managers’ Index. The PMI slipped to 53.7 from 55.0, remaining in expansion territory. Strong festive demand supported new orders, hiring, and purchasing activity, especially in construction. However, rising input costs and weaker wholesale and retail output signaled emerging pressures despite improved supply chains.