Factory activity accelerates at faster rate in May
The sharp drop in April was the result of damaging floods in KwaZulu-Natal, Absa says
01 June 2022 - 13:53
Manufacturing activity in SA expanded again in May and at a faster pace than before, as domestic demand normalised and export sales moved towards positive territory, an industry survey shows.
The Absa purchasing managers’ index (PMI) rose to 54.8 in May from 50.7 in the previous month, which was the lowest PMI level since the July 2021 unrest...
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