Kenya private sector Contracta as costs spike to 2023 highs – PMI
NAIROBI,Kenya,June 4– Kenya’s private sector contracted further in May as rising costs, weakening demand and shrinking new orders dragged business Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenya's private sector experienced a further contraction in May, reaching its lowest point since July 2024, as rising costs and weakening demand significantly impacted business conditions.
- The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) fell to 46.6 in May, indicating a sharper deterioration in operating conditions.
- Firms reported a significant increase in input costs, with purchase price inflation at its fastest pace since November 2023.
- Despite the downturn, business sentiment for the year ahead improved, with firms citing planned investments as drivers of expected recovery.
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Kenya Halts Electricity Tariff Increase Amid Inflation Fears - June 2026
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