Kenya private sector activity drops further in February-PMI

Private sector activity in Kenya fell further in February as orders for new goods dropped for the first time in more than two years, a survey showed on Wednesday, as imports from China tumbled due to the coronavirus outbreak

The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) for manufacturing and services fell to 49.0 in February from 49.7 in January. Readings above 50.0 indicate growth.