July Stanbic PMI shows new orders rise for first time in five months

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The headline Stanbic Bank Purchasing Managers’ Index (PMI) has for the first time since February crossed into positive territory recording a reading of 50.3 in July. This follows easing of the lockdown that saw curfews revised and several businesses reopened. The PMI recorded a reading of 50.3 during July, up from 46.5 in June representing a significant recovery from the 21.6 recorded in Apri