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NAIROBI, July 4 (Reuters) – Kenya's private sector activity grew by slower pace in June, hit by slower growth in output and new businesses, a survey showed on Wednesday .
The Markit Stanbic Bank Kenya Purchasing Managers' Index ( PMI) for manufacturing and services fell to 55.0 in June from 55.4 in May. A reading above 50 denotes growth.
Economic activity has picked up this year after political unrest and drought cut growth last year, and the Kenyan economy is forecast to expand by 5.8 percent this year from 4.9 percent in 2017.
] Uncertainty has subsided after President Uhuru Kenyatta and Leader Leader Raila Odinga reconciled in March and pledged to unite the country after last year's hotly contested elections.
Survey compile Markit said food and fuel prices had risen during the month, being pbaded to consumers.
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For further information, please phone Markit on +44 20 7260 2454 or email [email protected] [19659004] (Reporting by George Obulutsa; Editing by Catherine Evans)
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