Business squeezed between low output and elections fever

Stanbic regional economist for East Africa Jibran Qureishi. FILE PHOTO | NMG

Kenyan businesses reported lower output and demand for goods and services in May as they continued to suffer financing constraints which have hampered operations.

The latest Stanbic Bank-HIS Markit Purchasing Manager’s Index survey shows that business leaders are also concerned about inflationary pressures due to higher fuel costs and a general increase in raw material prices.

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Note: The results are not exact but very close to the actual.