This archive report was first published on 7 July 2021.
Published on July 7, 2021, a new survey by Stanbic Bank revealed a significant increase in new export sales among Kenyan firms selling to foreign clients at the end of the second quarter.
According to the survey, businesses attributed the rise in export demand to looser restrictions in European countries, which have contributed to an increase in customer demand.
Although the rate of growth slowed from May, it remained stronger than the series average, with new orders increasing further in the private sector in June.
However, the survey noted that the rate of growth eased from the previous month and was only modest, with 18 percent of respondents reporting a rise in new orders linked to improving customer demand, while 16 percent reported a decrease due to clients lacking spending power.
