Picture: 123RF/Chalermchai Karasopha
Picture: 123RF/Chalermchai Karasopha

The purchasing managers index (PMI) compiled by Absa suggests that local factories are in good health as the latest reading for May has come in at 57.8 points, with four of the five sub-components remaining above the 50-point neutral mark that separates expansion from contraction.

Business Day TV’s Alishia Seckam spoke to Absa senior economist Miyelani Maluleke about the data.

Absa chief economist Miyelani Maluleke talks to Business Day TV about the health of SA’s factories 

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