Manufacturers slightly more optimistic
Purchasing managers’ index rises to 50.9 in December from 48.2 in November
09 January 2024 - 08:43
Manufacturing activity closed the year on a stronger footing, after seven consecutive months in contractionary territory, pointing to expansion in the sector.
The Absa purchasing managers’ index (PMI), compiled by the Bureau for Economic Research (BER) at Stellenbosch University, rose to 50.9 in December from 48.2 in November, suggesting that manufacturers are more optimistic about business conditions over the longer term...
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