PMI continues to signal manufacturing sector’s subpar performance
The seasonally adjusted Kagiso Purchasing Managers’ Index™ (PMI™) fell to 45.9 index points in July from 46.6 in June. “The decline in July was expected given that the labour strike by the National Union of Metalworkers of South Africa (Numsa) lasted almost the full month and directly affected many manufacturing subsectors,” says Abdul Davids, […]
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