Absa PMI expands in May, but Covid-19 and load-shedding risks undermine sentiment
The seasonally adjusted Absa PMI, published in conjunction with Stellenbosch University’s BER, rose to 57.8 points in May from 56.2 in April
01 June 2021 - 13:18
The Absa purchasing managers index (PMI) rose in May, pointing to an improvement in the manufacturing sector, which accounts for about 13% of SA’s GDP.
The seasonally adjusted Absa PMI, which is published in conjunction with Stellenbosch University’s Bureau for Economic Research (BER), rose to 57.8 points in May, from 56.2 in April, with four of the five-subcomponents staying above the 50-point mark, which separates growth from contraction...
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