PMI climbing, but manufacturing levels still below pre-pandemic levels
Following a robust increase in August 2020, the Absa Purchasing Managers’ Index (PMI) ticked up further to 58.3 index points in September. The shift to a lower lockdown level mid-month likely drove the further improvement in business conditions in the local manufacturing sector. However, the Bureau for Economic Research (BER) cautioned that the fact that […]
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