By BUUMBA CHIMBULUOPERATING conditions at Zambia’s private sector firms continued to improve and moved to close to activity expansion zone in August last month.This improvement was due to expanding consumer spending and subsiding inflationary pressure that enhanced household real incomes, according to Zanaco Monthly Economic Report.Zanaco indicated that others were easing input costs linked to Kwacha appreciation, stable power supply and reopening of learning institutions.“This is contained in latest survey data that suggest that Zambia’s composite PMI in August 2021 rose to 49.8 (four-month high) from 49.4.“Even so, limited public sector opportunities, supplier delays, deliberate operational pause on electoral anxiety and labour shortages prevented a transition to the expansion path in general business conditions,” the bank stated.Meanwhile, Zanaco stated that first quarter saw a growth of 0.7 percent in snippet show of positive growth in 2021.This is linked to expectation of a resounding export sector performance, improved electricity supply and good agricultural sector harvest.It is […]
ZAMBIA’S PRIVATE SECTOR IMPROVES
