Manufacturing mood sours in October
October’s Absa PMI drop suggests a slowdown in the manufacturing sector’s ‘already weak recovery’
02 November 2021 - 17:27
Manufacturing conditions soured in October as a strike in the steel and engineering sector and power cuts by Eskom weighed on business activity.
The latest Absa Purchasing Managers’ Index (PMI) — a monthly gauge of sentiment in the manufacturing sector — dropped to 53.6 index points from September’s downwardly revised 54.7...
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