People Daily | by Steve Umidha
Kenya’s private sector recorded modest growth according to the latest industry survey data, even as the rate of expansion slowed to the weakest for eight months.
During that period, firms continued to trim salaries as demand for goods and services staggered, amid tighter financial conditions and a dip in consumer demand.
According to Stanbic Kenya, Kenya’s Purchasing Managers Index (PMI) dropped to 50.9 in February, down from 53.2 in January, signaling the weakest rate of improvement in the current eight-month run of expansion, following coronavirus pandemic shocks…
