WATCH: Why factory output has declined further
Absa senior economist Miyelani Maluleke talks to Business Day TV about the latest factory output data
Factory output contracted by 10.8% in August, according to Stats SA, marking the 15th month of decline.
The data stands in stark contrast to Absa’s purchasing managers index (PMI), which jumped to a 21-year high in September.
Business Day TV spoke to Absa senior economist Miyelani Maluleke about the disconnect between the two data points.
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