Factory activity dives in September due to continuous load-shedding
Further expansion or employment growth is unlikely until there is more stability in the business environment
03 October 2022 - 12:29
More intense power outages in September saw manufacturing activity plummet into contractionary territory, coming close to July levels when load-shedding reached stage 6 and the economy was still recovering from the devastating KwaZulu-Natal floods, which saw production in the region come to a halt.
The Bureau for Economic Research (BER) released its Absa purchasing managers’ index (PMI) on Monday which fell to 48.2 in September, following August’s slight recovery to 52.1, after a sharp drop in July to 47.6...
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.