After rising slightly in April, the Absa purchasing managers’ index (PMI) once again fell in May, erasing the previous month’s gain and falling to a seven-month low.

The index fell to 45.4 index points in May from 47.2 points in April, bringing the average for the first two months of SA’s second quarter to 46.3 points, below the average 47.1 points in the first.

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