PMI: Kenya's private sector activity slows to 15-month low in February

Mabati Rolling Mills (MRM), Roofing Head of Marketing,Harry Muchangi Njagi, shows some of the products the company manufactures during an interview with The Standard

Kenya’s private sector activity fell in February to its lowest level in 15 months, hurt by slowing consumer demand and growth in output, a survey showed on Tuesday.

The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) for manufacturing and services fell to 51.2 from 53.2 in January. Any reading above 50.0 indicates growth.