WATCH: Absa PMI falls back to contractionary territory in August
Business Day TV speaks to Absa CIB's senior economist, Miyelani Maluleke
03 September 2024 - 16:21
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Ongoing political uncertainty, high but slowing inflation, elevated borrowing costs and sluggish global and domestic demand are weighing on the manufacturing sector. The Absa purchasing managers’ index (PMI) slid back into contractionary territory in August, marking the fifth month in 2024 the reading has been in contractionary territory. Business Day TV unpacked the findings with Miyelani Maluleke, senior economist at Absa CIB.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
NEWS LEADER
WATCH: Absa PMI falls back to contractionary territory in August
Business Day TV speaks to Absa CIB's senior economist, Miyelani Maluleke
Ongoing political uncertainty, high but slowing inflation, elevated borrowing costs and sluggish global and domestic demand are weighing on the manufacturing sector. The Absa purchasing managers’ index (PMI) slid back into contractionary territory in August, marking the fifth month in 2024 the reading has been in contractionary territory. Business Day TV unpacked the findings with Miyelani Maluleke, senior economist at Absa CIB.
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