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WATCH: Manufacturers stuck in contractionary territory
Manufacturing activity in SA picked up in November, marking its highest level in six months. Absa’s purchasing managers index (PMI) came in at 48.6%, still stubbornly below the neutral point of 50.
Absa economist Miyelani Maluleke talks to Business Day TV about the latest PMI figures. He says the manufacturing sector was actually a positive contributor to growth, adding that the fact that PMI is increasing is encouraging.
Absa economist Miyelani Maluleke talks to Business Day TV about the latest PMI figures