Private Sector performance the worst since election period of 2017

Last month was the darkest moment for the private sector only comparable to late 2017 when a protracted electioneering period chocked businesses.

Purchaser’s Managers Index (PMI) survey, a barometer for the health of the private sector, showed a plunge in business activities to 37.5 in March from 49 recorded in February due to the outbreak of the coronavirus disease that has disrupted global supply chains and brought the hospitality industry to its knees.