Manufacturing conditions pick up in October
Absa says there are encouraging signs in October’s data, though many are concerned about the prospect of a second wave of Covid-19 cases
02 November 2020 - 11:07
UPDATED 02 November 2020 - 17:02
Manufacturing activity got a healthy boost in October as the sector recovered further from Covid-19 restrictions, Absa said on Monday.
The Absa purchasing managers’ index (PMI) — released in conjunction with Stellenbosch University’s Bureau for Economic Research — jumped to a historic high, though economists said that rising Covid-19 infections and renewed restrictions amid SA's key trading partners, may weigh on the recovery. ..
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