Manufacturing activity improves in August
Manufacturing is SA’s fourth-largest industry, contributing 14% to GDP
01 September 2022 - 10:57
Following a tough start to the third quarter, an easing in the intensity of load-shedding saw conditions in the manufacturing sector improve in August compared with July, when manufacturing activity fell to levels last seen in July 2021 when output was hurt by looting and unrest in KwaZulu-Natal and Gauteng.
The Bureau for Economic Research (BER) released its Absa purchasing managers’ index (PMI) on Thursday, which showed an improvement in manufacturing activity, increasing to 52.1 points in August from 47.6 in July...
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