Absa PMI data suggests worst is yet to come for manufacturers
The sector’s expectations of business conditions are the most pessimistic in more than two decades
01 April 2020 - 12:27
The worst is yet to come for the manufacturing sector, despite an uptick in business conditions recorded during March, as the economy reels from the 21-day lockdown to slow the spread of the coronavirus.
Business conditions in the manufacturing sector rose in March, according to the latest Absa purchasing managers index (PMI), but the full effect of the three-week shutdown will largely be felt during April, the bank said in a statement on Wednesday...
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.