Kenya’s Private Sector Activities Drops in March

Nairobi — Private sector activities in Kenya dropped slightly in the month of March, attributed to a drop in new orders and output.

The latest Stanbic Bank Kenya Purchasing Manager’s Index (PMI) shows that the country’s PMI for March dropped to 49.7 from 51.3 in February.

PMI below 50 indicates a downtick in business activities, while the figure above shows growth.

“Private sector activity softened in March, offsetting the expansion during February. Output, new orders and purchasing activity…