Manufacturing activity holds steady despite load-shedding
Most encouraging is the big improvement in the business activity index
01 February 2023 - 11:49
SA manufacturing production came in virtually unchanged in January, pointing to a fourth successive month of modest expansion, despite the country continuing to experience the worst bout of load-shedding yet.
Absa’s purchasing managers’ index (PMI), released on Wednesday and measured by the Bureau for Economic Research (BER) in partnership with Absa Bank, held virtually steady in January at 53 points from December’s 53.1, ahead of Bloomberg consensus expectations of 52.1...
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