WATCH: Factory activity falls to lowest level in a year

Picture: SUPPLIED

Manufacturing activity fell sharply in July. Absa’s purchasing managers’ index (PMI) declined to 47.6 points, a level last seen in July 2021 when looting and unrest in KwaZulu-Natal and Gauteng hurt output. Business Day TV unpacked the print with Miyelani Maluleke, senior economist at Absa.

Or listen to full audio