Zambian private sector returns to growth
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By Gillian Langmead at Langmead & Baker Ltd;+260 979 060705; info@langmead.com LUSAKA, ZAMBIA – Having deteriorated in February, the latest Purchasing Managers’ Index (PMI) survey data from Stanbic Bank and IHS Markit signalled a marginal improvement in the health of the Zambian private sector during March. The index posted a value of 50.7 points, up from 47.1 points in February. Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration. After a decline mid-quarter, growth was driven by a solid rise in new business as client demand recovered and the cholera outbreak...