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Kenya's private sector activity down in January -PMI

Kenya’s private sector activity dropped in January to a level last hit in April, hurt by lower household demand and poor weather that slowed output in many businesses, a survey showed on Wednesday.

The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) for manufacturing and services fell to 49.7 in January from 53.3 in December. Readings above 50 indicate growth.

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