KAP says recovery taking place
The encouraging signs from the months of July and August provide some comfort to KAP
KAP Industrial, considered an economic bellwether because of its diversification across the automotive, logistics, wood-based panelling, chemicals and transport sectors, says its "relatively strong order books" from July onwards indicate there are signs the economy has turned the corner.
"We are actually quite optimistic, looking forward," CEO Gary Chaplin said this week. "We have had a good July. August so far is looking good."