Kenya's private sector PMI decreased to 49.7 in March, indicating slightly reduced activity.
Kenya's private sector activity decreased slightly in March, as indicated by a Stanbic Bank Kenya PMI at 49.7, down from 51.3 in February. Despite lower inflation and a stronger shilling, firms experienced cash flow problems and lower new order intakes. However, easing price pressures supported customer spending. The Kenyan shilling has appreciated 19% against the dollar in 2021, and fuel prices declined.
April 04, 2024
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