03 August 2021 1 Min Read

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WATCH: PMI plunges to weakest level in 14 months

Absa economist Miyelani Maluleke talks to Business Day TV about the health of SA’s manufacturing sector

in Companies by Business Day TV
Picture: 123RF/MOOV STOCK
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Absa’s purchasing managers index (PMI) fell to a 14-month low in July, highlighting the effect of stricter lockdown measures associated with the third wave of Covid-19, as well as the fallout of recent violent protests.

Alishia Seckam spoke to Absa senior economist Miyelani Maluleke about the data.

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