This archive report was first published on 5 August 2020.
Kenya's private sector has shown significant growth, with the Markit Stanbic Bank Kenya Purchasing Managers' Index (PMI) rising to 54.2 in July, its highest level since June last year.
According to the survey, the removal of county travel restrictions contributed to the growth, as businesses in Nairobi and Mombasa began to reopen.
However, the outlook remains uncertain, with firms continuing to shed jobs at a slower pace than in previous months.
The government has revised its GDP growth forecast for the year to 2.5%, down from an initial 6% due to the pandemic.
Published on August 5, 2020, the survey highlights the impact of the pandemic on Kenya's economy and the need for continued support to businesses affected by the lockdown measures.
