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Cash flow crisis drags down private sector activity
The skyline of Nairobi CBD on June 23, 2021. PMI readings below 50 signals a decline in month-on-month private sector activity, while levels above points to growth.
Kenya’s private sector activity deteriorated marginally in September on lingering cash flow challenges which hit output and demand for goods and services, findings of a monthly survey showed on Thursday.
The Stanbic Kenya Purchasing Managers' Index (PMI), which measures the performance of key private sector indicators such as output, new orders and employment — dipped slightly to 49.7 from 50.6 in August.
