Private sector activities drop to 9-month low

fuel prices, fuel subsidy, petroleum development levy
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People Daily | by Steve Umidha


Trade activities in Kenya’s private sector fell to a nine-month low in March with a slower pace of output growth and sales as rising fuel prices increased production costs.

According to the latest report by Stanbic Bank, Kenya Purchasing Managers’ Index (PMI) fell to 50.6 from 50.9 in February, in what was a two-month downward rally.

Readings above 50 signal an improvement in business conditions on the previous month, while readings below 50 show a deterioration…

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fuel prices, fuel subsidy, petroleum development levy


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