Factory activity slumps again in May
A decline in supplier deliveries has pushed the headline purchasing managers’ index lower
02 June 2025 - 13:38
UPDATED 02 June 2025 - 19:22
SA’s manufacturing sector dropped to its lowest level since the Covid-19 pandemic, with Absa’s purchasing managers’ index (PMI) falling 1.6 points to 43.1.
May marked the seventh consecutive month of contraction, despite a marginal improvement in activity and demand, according to the latest data released by Absa and the Bureau for Economic Research (BER) in Stellenbosch on Monday...
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