Business conditions in Kenya's private sector economy continued to improve in February despite the expansion rate slowing to the weakest for eight months. Readings above 50 signal an improvement in business conditions on the previous month, while readings below 50 show a deterioration. Panellists linked the slowdown to a weaker rise in new order inflows and a drop in household spending. New orders received by Kenyan firms increased only modestly half-way through the opening quarter of the year. According to anecdotal evidence, higher new order inflows, shortages of materials and strikes all contributed to a rise in outstanding business.

Source: The Star March 03, 2021 15:21 UTC