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Zambia Market Watch – Domestic focus shifts to the Stanbic/Markit PMI reading

December 3, 2020by Nicholas Kabaso0

Domestic focus will be on the Markit/Stanbic PMI reading for November. While Zambia’s Stanbic/Markit PMI reading improved to a 20-month high in October, it nevertheless remained below the 50-point neutral mark. Going forward, an unfavourable domestic backdrop and uncertain external environment suggest that private sector operating conditions may struggle to recover meaningfully in the near-term.

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Nicholas Kabaso

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