This archive report was first published on 5 July 2021.
Kenya's private sector economy continued to expand in June, but at a slower pace than in May, according to the latest PMI survey. The headline PMI fell from 52.5 in May to 51 in June, indicating a sustained, but weaker, expansion.
Despite the slowdown, the surveyed firms' outlook for the economy over the next year worsened after more stringent public health restrictions were imposed on 13 counties. Kuria Kamau from Stanbic Bank attributed the slower pace of recovery to the renewed restrictions.
"The pace of the recovery slowed in June following the strong improvement witnessed in May when some of the stringent public health restrictions were lifted," Kamau said. "Both domestic and export demand increased on account of higher customer numbers and increased cash circulation; but the increase was at a slower rate than in May."
