Kenya’s private sector activity slid further in February, from 53.2 in January to 51.2 in February, signalling only a modest improvement in the health of the Kenyan private sector economy. "As the long rains commence towards March and April, activity generally tends to recover boosting domestic demand," he said. Activity increased at the lowest rate in 15 months, with some manufacturers reducing output due to cash flow problems and unfavourable weather conditions. Selling prices charged by Kenyan private sector firms remained broadly unchanged in February, following 14 months of successive increases. Some firms that saw sales decline said they lowered prices to attract new customers, while some firms raised prices due to higher input costs.

Source: The Star March 06, 2019 05:26 UTC