CZI launches manufacturing survey

THE Confederation of Zimbabwe Industries (CZI) will today launch the 2013 manufacturing survey at a time the sector is at its low due to stiff competition from imports that have flooded the market as well as lack of working capital.

CZI commissions the survey every year to establish the performance of the manufacturing sector in relation to capacity utilisation, utilities, access to finance and employment creation.

Capacity utilisation for the sector took off from 10% in 2008 to 30% in 2009, then 43,7% in 2010, 57,2% in 2011 before declining to 44% in 2012 due to the low performance of the economy.

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