Absa PMI improves but remains in contractionary territory
Manufacturing activity picked up slightly in April, though it is still below the 50-point mark that separates expansion from contraction
02 May 2023 - 12:07
SA’s manufacturing activity improved a little in April but remained below the 50-point mark that separates expansion from contraction, a survey compiled by Bureau for Economic Research (BER) in partnership with Absa Bank showed on Tuesday.
The monthly survey provides a snapshot of the health of the energy-intensive manufacturing sector, which contributes about 14% to the country’s GDP...
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