This archive report was first published on 7 July 2021.
Published on July 7, 2021, a Stanbic Bank report highlighted that surveyed businesses have often attributed the increase in export demand to looser restrictions in European countries.
According to the report, the rate of growth in the private sector slowed down in June but remained stronger than the series average.
“New orders also increased further in the private sector in June, a second successive rise following a marked contraction at the start of the second quarter,” the report noted.
While 18 percent of respondents saw a rise in new orders linked to improving customer demand, about 16 percent reported a decrease due to clients lacking spending power.
