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Cash flow challenges being experienced by the private sector have led to a slowdown in business activities. This has eroded gains, with companies getting more orders for products and services but unable to keep up with the demand.
According to the latest Stanbic Bank’s Purchasing Managers’ Index (PMI), while there was an increase in new orders in October, companies could not fulfill them owing to low cash in circulation, with the headline PMI easing to 53.2 from 54.1 in September.
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