Businesses in Zambia record impressive growth in April

Businesses in Zambia showed a strong growth pattern during the month of April, signaling a declining impact of a cholera outbreak that had affected businesses, a survey of business performances released on Friday has shown.

According to the Purchasing Managers' Index survey data for April conducted by Stanbic Bank Zambia, business activity rose for the first time in 2018, as the negative impacts of the recent cholera outbreak continue to subside.

According to the figures, business performance rose to 51.2 in April from 50.7 in March, indicating an overall improvement in business conditions in the country.

According to the survey, the rate of growth was the strongest observed in 2018 after accelerating from March, with readings above 50 signaling an improvement in business conditions while readings below 50 show deterioration.

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