Manufacturing points to a gloomy 2020 for SA’s struggling economy
Bouts of load-shedding, persistent weak domestic demand and more intense global economic headwinds weighed on activity during the year
08 January 2020 - 12:06
UPDATED 08 January 2020 - 23:34
Business conditions in the manufacturing sector ended 2019 on a gloomy note and the return of load-shedding points to yet more pain for SA’s economy.
The Absa Purchasing Managers’ Index (PMI), which gauges sentiment in a sector that accounts for about 14% of the economy, dropped in December to its lowest level in three months, capping a year in which it managed a positive reading just twice...
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