Kenya’s private sector activity fell for the first time in nine months to January, largely due to weak consumer demand, the findings of a monthly survey showed Wednesday, pointing to poor cash flow in the country.
Companies that were surveyed in the Markit Stanbic Bank Kenya’s Purchasing Managers Index (PMI) reported that output and new orders fell to their lowest levels since October 2017, pushing the headline reading to a low last seen in April 2019.
