Kenyan Wall Street | by Miriam Wangui
Business activity in Kenya continued to improve in February as the level of output and new orders increased. However, the pace of growth slowed down to the weakest pace in eight months according to the findings in the Stanbic Bank Kenya Purchasing Managers Index (PMI).
The PMI reading dipped in February to 50.9 from 53.2 in January, indicating the weakest rate of improvement since July 2020.
The price of most items increased in February following the hike in Value Added Tax at the start of the year. Although output and…
