November PMI shakes off 3-straight-month decline

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 49.5 index points in November from 42.4 in October. This was the PMI’s first increase after three straight months of declines and brought the index to the best level since July 2018. The improvement was broad-based with four out of the five main subcomponents rising […]

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