WATCH: SA factory activity hit by KZN floods
Business Day TV speaks to Miyelani Maluleke, senior economist at Absa
Business activity, new sales orders and export sales in the manufacturing sector are under pressure as a result of the floods in KwaZulu-Natal. The impact is reflected in Absa’s PMI data for April, which shows a decline to 50.7 points from 60 points previously — a level last seen in July last year. Business Day TV unpacked the data in greater detail with Miyelani Maluleke, senior economist at Absa.
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