June PMI up, but weak demand limits recovery potential

The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) rose to 46.2 index points in June 2019, up from 45.4 in May 2019. “The average level for Quarter 2 of 2019 was 46.3 points, below the level recorded in Quarter 1 of 2019”, said the Bureau for Economic Research (BER) in a statement. In contrast, available official […]

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