Factory activity slips in November
Readings from the Absa PMI suggest that a strong recovery in production in the fourth quarter is unlikely
Manufacturing activity declined in November, with signs suggesting there is little chance of a recovery in manufacturing production in the fourth quarter of 2019.
The Absa purchasing managers index (PMI) fell to 47.7 index points in November from 48.1 in October, according to a release from the bank on Monday. ..