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.
OR LISTEN TO THE AUDIO:
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now