Kenya’s private sector loses steam as PMI slides to 50.4

The latest Stanbic Bank Kenya Purchasing Managers’ Index, compiled by S&P Global, shows the headline index falling to 50.4 in February from 51.9 in January. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Kenya's private sector growth significantly slowed in February, with activity nearing stagnation due to modest gains in new orders and flat output.

The Stanbic Bank Kenya Purchasing Managers’ Index fell to 50.4, its third consecutive monthly decline and the slowest expansion in six months.
Key figures include Christopher Legilisho, Economist at Standard Bank, who noted ongoing strains despite improving macroeconomic conditions.
Despite the slowdown, employment growth was sustained, and optimism for the next 12 months remained steady, indicating resilience in certain private sector areas.