The state of Zimbabwe’s manufacturing sector will be made public next week as industry and government seek to come up with workable strategies towards consolidating gains on the back of challenges threatening viability.
The manufacturing sector has not been spared from the challenging economic environment characterised by shortages of foreign currency.
Confederation of Zimbabwe Industries (CZI) Chief Economist, Ms Daphne Mazambani told the ZBC News that the 2017 manufacturing sector survey, which will be released next week, is important in helping the government to come up with policies towards restoring investor confidence.
“Indeed, it will be released next week and we will be analysing all the key issues,” she said.
According to the CZI, Zimbabwe’s industrial capacity utilisation rose to 47,4 percent in 2016, up from 34,3 percent the previous year, driven mainly by an import ban imposed by the government.
Capacity utilisation in the multi-currency era peaked at 57, 2 percent in 2011, before dropping to 44, 2 percent in 2012, 39,6 percent in 2013 and 36,3 percent in 2014.