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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