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Private sector growth slows in August
Growth in Kenya's private sector activity slowed in August, hurt by firms laying off staff to help cut their costs and preserve cash in the wake of the Covid-19 pandemic. FILE PHOTO | NMG
Growth in Kenya's private sector activity slowed in August, hurt by firms laying off staff to help cut their costs and preserve cash in the wake of the Covid-19 pandemic, a new survey showed
The Markit Stanbic Bank Kenya Purchasing Managers' Index (PMI)-- a monthly measure of private sector activity — fell to 53.0 from 54.2 in July, which was highest level was the highest since June last year.
