Kenya's private sector PMI fell to 47.2 in June due to economic challenges, protests, and policy uncertainty.
Kenya's private sector activity declined sharply in June due to economic challenges, protests, and policy uncertainty linked to the Finance Bill. The Stanbic PMI fell to 47.2, the lowest since November, signaling a significant deterioration in the health of Kenya's private sector economy. The downturn was partially softened by a rise in new orders across manufacturing. Business confidence and job creation were negatively impacted.
July 03, 2024
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