Heavy rains, cash crunch dampen festive season sales

Vehicles submerged by flood waters along Nairobi’s Kenyatta Avenue on December 27, 2019. [Phillip Orwa, Standard]

Businesses registered depressed sales last month following the effects of heavy rains and a persistent cash crunch, new data shows.

Data from the latest Stanbic Bank Kenya PMI Survey indicates that while production increased marginally compared to 2018, the onset of floods hampered supplies to many businesses, leading to an increase in the cost of goods during the festive season.