Kenya private sector activity falls to 46.6 in May
Kenya private sector activity shrank for a third month in May as the PMI fell to 46.6. Rising fuel costs pushed inflation to 6.7 percent, weighing on demand.
Kenya private sector activity fell to 46.6 in May as rising costs drove the sharpest contraction since July 2024. The Stanbic Bank Kenya PMI dropped from 49.4 in April, marking a third consecutive month of shrinking business activity. Intensifying inflationary pressures are squeezing consumer demand and business margins, threatening the broader 4.9% GDP growth forecast for 2026.
