Private sector slows in May as demand softens, new orders Weaken

NAIROBI, Kenya, June 5 - Kenya’s private sector faced a mild slowdown in May, marking the end of seven months of steady growth, as persistent inflationary Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenya's private sector experienced a mild slowdown in May, marking the end of seven months of growth due to inflationary pressures and reduced consumer demand.
- The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) fell to 49.6 in May from 52.0 in April, indicating contraction.
- Christopher Legilisho, an economist at Standard Bank, noted signs of fragility in the recovery.
- New orders declined for the first time in over six months, impacting key sectors like construction, retail, and services.
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