Kenya’s private sector activity slowed slightly in January

KTN News Feb 05,2019


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Kenya’s private sector activity slowed slightly in January, hurt by a dip in the growth rate for new orders, although output rose, the survey revealed. The Markit Stanbic bank Kenya purchasing managers’ index for manufacturing and services fell to 53.2 from 53.6 in December. Any reading above 50.0 indicates growth. According to Jibran Qureishi, regional economist for East Africa at Stanbic bank Agricultre output will be subdued here are his exact quotes.