Business optimism dips as banks cut lending, survey shows

Money Markets

Businesses lowered their production levels by an average 5.3 per cent to accommodate the drop in demand. PHOTO | FILE 

By GEORGE NGIGI, gngigi@ke.nationmedia.com

In Summary

• The Business Sentiment Indicator (BSI) dropped to 61.3 in October from 63.7 points a month earlier, indicating a gloomy market.