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Kenya: COVID-19 Deals Businesses Heavy Blows as PMI Plunges Sharply

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Nairobi — Kenyan firms saw a much sharper decline in operating conditions in March, leading to a drop in the Purchasing Manager’s Index to 37.5, the second-worst record in the survey’s history.

The sharp deterioration in business conditions was widely caused by the outbreak of coronavirus disease 2019 (COVID-19) in the country, which led to a large drop in consumer demand and client orders.

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The headline PMI, which was characterized by pandemic-related fall in sales and job numbers decline, was…

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