Manufacturing conditions improved in August
The Absa PMI increased to 57.3 index points with business activity and new sales orders picking up
01 September 2020 - 11:50
An index measuring manufacturing sentiment jumped to a 13-year high in August after further easing of coronavirus restrictions supported domestic demand and exports.
Absa's Purchasing Managers’ Index (PMI), compiled by the Bureau for Economic Research, surged to 57.3 to from 51.2 in July, the lender said on Tuesday in a statement. The median estimate of six economists in a Bloomberg survey was 50.9...
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