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Browsing: economic activity
- Kenyan companies saw renewed deterioration in business conditions in April 2022, on the back of a decrease in customer demand in response to rising consumer prices and living costs
- The Purchasing Managers Index (PMI) survey by Stanbic Bank indicates that the decline in operating conditions was underlined by a renewed fall in new order volumes
- The Stanbic PMI reading fell below the 50-point neutral mark in April to 49.5 from 50.5 in March
A new report shows that Kenyan companies saw renewed deterioration in business conditions in April 2022, on the back of a decrease in customer demand in response to rising consumer prices and living costs.
The Purchasing Managers Index (PMI) survey by Stanbic Bank indicates that the decline in business conditions, which was the quickest seen since April 2021, was underlined by a renewed fall in new order volumes.
According to survey panellists, lower sales was the principal …