Factory activity accelerates in March for third consecutive month
The manufacturing sector is showing signs of growth, with Absa’s PMI at a record high, but unemployment remains a concern
01 April 2022 - 11:02
UPDATED 01 April 2022 - 14:15
Activity in SA’s manufacturing sector accelerated in March for a third consecutive month, an indication that the war in Ukraine has failed to derail a recovery from Covid-19 and July’s violent riots, an industry survey showed on Friday.
The seasonally adjusted Absa purchasing managers index (PMI) reached 60 points in March, up from 58.6 in February, its highest print since the series began in 1999, though the survey is an indicator of prevailing trends, not absolute levels of production...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.