WATCH: Can SA’s factories weather the headwinds they face?
Business Day TV spoke to Absa senior economist Miyelani Maluleke
02 December 2021 - 07:53
byBusiness Day TV
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Factory activity picked up in November, with the Absa purchasing managers index (PMI) rising to 57.2 points from a revised 53.6 points in October.
The increase was largely due to a rebound in business activity and new sales orders. But rising input costs, supply chain bottlenecks, weak economic growth and load-shedding put this positive momentum at risk.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
NEWS LEADER
WATCH: Can SA’s factories weather the headwinds they face?
Business Day TV spoke to Absa senior economist Miyelani Maluleke
Factory activity picked up in November, with the Absa purchasing managers index (PMI) rising to 57.2 points from a revised 53.6 points in October.
The increase was largely due to a rebound in business activity and new sales orders. But rising input costs, supply chain bottlenecks, weak economic growth and load-shedding put this positive momentum at risk.
Alishia Seckam spoke to Absa senior economist Miyelani Maluleke for more detail.
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