Kenya Private Sector Contracts in August
Kenyan private sector activity contracted in August for the first time in three months. Supply constraints and higher raw material costs weighed on firm output and purchases. Meanwhile, annual inflation edged up slightly to 6.6 percent.
Kenya's private sector activity contracted for the first time in three months in August, with the PMI falling to 49.7 from 51.3 in July. The drop pushes the index below the 50.0 threshold separating growth from contraction as supply constraints mounted. The slowdown highlights mounting cost pressures on businesses across the region.
