13 October 2020 1 Min Read

News Leader

WATCH: Why factory output has declined further

Absa senior economist Miyelani Maluleke talks to Business Day TV about the latest factory output data

in Economy by Business Day TV
Picture: SOWETAN
Loading ...

Factory output contracted by 10.8% in August, according to Stats SA, marking the 15th month of decline.

The data stands in stark contrast to Absa’s purchasing managers index (PMI), which jumped to a 21-year high in September.

Business Day TV spoke to Absa senior economist Miyelani Maluleke about the disconnect between the two data points.

Loading ...
Economy 3 years ago

Factory slump shows long road to recovery

Manufacturing production fell 10.8% in August from the year before,  Stats SA data shows
Markets 3 years ago

MARKET WRAP: JSE firmer on optimism of further US stimulus

Despite the rising coronavirus numbers and new restrictions being introduced in Europe, the stock market rally continues
Opinion 3 years ago

Kingdom of Lesotho must seize textile manufacturing crown

The country has the right skills in place — now it just needs co-ordination and capacity
Markets 3 years ago

Global markets have spring in their step at start of new month

Global indices are close to record highs as PMI data from across Europe show factory activity generally on the path to recovery
Economy 3 years ago

Manufacturing conditions improved in August

The Absa PMI increased to 57.3 index points with business activity and new sales orders picking up
Loading ...
Loading ...
View Comments