Browsing: private sector activity

• A survey by Stanbic Bank of Kenya revealed that Kenyan firms continued to report a drop in output levels at the end of the second quarter of 2022
• The rate of decline sped up for the third straight month and was sharp, shown by a further decrease in the seasonally adjusted Output Index to its lowest since April 2021
• The sector’s headline Purchasing Managers’ Index (PMI) fell to 46.8 from 48.2 in May, indicating a continued decline in business conditions and activities in the Kenyan economy

Kenyan firms continued to report a drop in output levels at the end of the second quarter of 2022.

A new survey by Stanbic Bank Kenya indicates that the rate of decline sped up for the third straight month and was sharp, shown by a further decrease in the seasonally adjusted Output Index to its lowest since April 2021.

Surveyed businesses said they were …

• 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 …