Picture: SOWETAN
Picture: SOWETAN

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.

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.