NAIROBI, July 3 (Reuters) – Kenya’s private sector activity picked up in June, breaking a run of three previous monthly contractions, a survey showed on Friday.
The Stanbic Bank Kenya Purchasing Managers’ Index rose to 50.0 in June from 46.6 a month earlier. Readings above 50.0 indicate growth in business activity, while those below that signal contraction.
Inflation slowed to 6.4% year on year in June from 6.7% in May, data from the statistics office showed.
The finance ministry forecasts the economy will grow 5.0% this year and 5.2% next year, from 4.6% last year.
(Reporting by George Obulutsa; Editing by Toby Chopra)
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