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Activity in Kenya's private sector stabilised in April after a contraction in the previous month, as new orders for firms in the local market improved, a survey showed on Thursday.
The Markit Stanbic Bank Kenya Purchasing Managers' Index (PMI) rebounded to 50.3 after dropping in March to 48.5, the lowest reading since the survey began in January 2014. A reading above 50.0 indicates growth and anything below is a contraction.
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