Home / Business and Economy / Kenya's Private Sector Slows in February Amidst Economic Headwinds
Kenya's Private Sector Slows in February Amidst Economic Headwinds
4 Mar
Summary
- Private sector activity expanded slower in February, Stanbic PMI fell to 50.4.
- Agriculture and manufacturing sectors saw slowing performance in February.
- Kenya's finance ministry forecasts 5.0% economic growth for 2025.
Kenya's private sector experienced a slowdown in expansion during February, as indicated by the Stanbic Bank Purchasing Managers' Index (PMI) which decreased to 50.4 from 51.9 in January. While this still signifies growth, certain sectors faced headwinds.
The agriculture and manufacturing industries reported a deceleration in their performance. Conversely, the construction, wholesale, retail, and services sectors demonstrated robust growth, helping to sustain the overall expansionary trend.
