Zim consumer goods imports plunge

Zim consumer goods imports plunge
Published: 20 July 2018
Zimbabwe's consumer goods imports declined 34 percent during the period January to July 6 this year, as domestic consumption of locally produced goods surged, according to the latest statistics from the Reserve Bank of Zimbabwe (RBZ).

Consumer goods imports fell to $401 million from $610 million in same period last year, as the economy improved and shifted to relying more on commodities produced by local firms, as opposed to finished imports.

The decline in consumer goods imports also reflect a significant shift from consumptive to productive imports.

RBZ governor John Mangudya told Business Weekly the economy was "on the rebound on account of strong consumer demand across all sectors of the economy."
- Business Weekly
Tags: Consumer,


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