Kenya’s private sector shrank for the first time in three months on rising consumer prices and living costs, the latest purchasing managers’ index data shows. Data from Stanbic Bank Purchasing Manager’s Index (PMI) showed that the month of April 2022 declined to 49.5 from 50.5 recorded in March 2022 pointing toward deterioration in the business … Continue reading Kenya Private Sector Shrinks for First Time in Three Months: PMI