Picture: SUPPLIED
Picture: SUPPLIED

Factory owners experienced an uptick in activity in June, when the seasonally adjusted Absa purchasing managers index (PMI) rose to 46.2 index points from 45.4 in May.

The average level for the second quarter was 46.3 points, however, below the level recorded in the first quarter of 2019.

PMI indicators signal a deterioration in operating conditions, with manufacturing employment and purchasing activity declining.

Business Day TV caught up with Absa economist Miyelani Maluleke to discuss the data in more detail.

Absa economist Miyelani Maluleke talks to Business Day TV about May’s purchasing managers index data

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