WATCH: The dire state of SA’s factories
Manufacturing activity got off to a poor start in the fourth quarter, with October’s purchasing managers index (PMI) reading dipped to 42.4 points — a 15 month low.
StatsSA has also drawn a worrying picture of the state; its research shows that factories are using just 81% of capacity due to a lack of demand.
Absa economist Miyelani Maluleke joined Business Day TV to discuss the data and what lies ahead for the embattled industry.
Absa economist Miyelani Maluleke talks Business Day TV about the PMI data for October
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