WATCH: Metals industry strike and load-shedding weigh on PMI
Business Day TV spoke to Absa senior economist Miyelani Maluleke about the purchasing managers index data
03 November 2021 - 10:29
byBusiness Day TV
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Infrastructure spending will offer a boost to industry Picture: REUTERS
SA’s manufacturing sector is showing signs of strain.
The Absa purchasing managers index (PMI) lost further ground in October, declining to 53.6 from 54.7 previously, as the effect of load-shedding and the three-week strike in the steel and engineering sector weighed.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
NEWS LEADER
WATCH: Metals industry strike and load-shedding weigh on PMI
Business Day TV spoke to Absa senior economist Miyelani Maluleke about the purchasing managers index data
SA’s manufacturing sector is showing signs of strain.
The Absa purchasing managers index (PMI) lost further ground in October, declining to 53.6 from 54.7 previously, as the effect of load-shedding and the three-week strike in the steel and engineering sector weighed.
Alishia Seckam spoke to Absa senior economist Miyelani Maluleke about the data.
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