Omicron wave slows down private sector growth
Published On February 14, 2022 » 1002 Views» By Times Reporter » Business, Stories
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By MAIMBOLWA MULIKELELA –
A WAVE of the Omicron variant of COVID-19 has pushed Zambia’s private sector growth into a pause during January, according to the latest Stanbic Bank Zambia IHS Markit Purchasing Managers’ Index (PMI).
The headline PMI tumbled to 49.9 in January this year, fractionally below the 50.0 no-change mark, therefore signalling an end to a four-month sequence of improving business conditions.
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