Manufacturing figures improve as lockdown eases
The Absa PMI spiked in June, but this is not a sign of a return to pre-pandemic levels
01 July 2020 - 16:14
Conditions in the manufacturing sector reached a multi-year high in June, as the economy went into level 3 lockdown with fewer restrictions, allowing more businesses to open up.
But despite the latest Absa purchasing managers’ index (PMI) reaching its highest level since August 2013, this does not mean actual production has bounced back, the bank cautioned on Wednesday...
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