ECONOMIC WEEK AHEAD: Production data will give greater insight into SA’s economic trajectory
As SA comes to grips with news of the recession, data from the third quarter will provide some insight into the direction in which the economy is headed. In the first host of data from the third quarter, SA will learn whether production in crucial sectors such as mining, manufacturing and retail has continued to wane. Forward-looking data such as the Standard Bank purchasing managers’ index (PMI) and the Absa PMI have pointed to a weak third quarter. On Monday the agribusiness confidence index will show the investment sentiments of agribusiness on the back of the land policy discussion. The sector dragged down economic growth in the first and second quarters.
On Tuesday Stats SA will release the July manufacturing numbers. The July PMI survey suggested that manufacturing activity picked up slightly at the start of the third quarter, after detracting from growth in the second quarter of 2018. "We don’t expect manufacturing output to have responded as enthusiastically," said Fir...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.