PMI ushers in 2020 with a decline

The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) started 2020 on the back foot and declined further in January. The PMI lost 1.9 points to reach 45.2 index points, the lowest level since September 2019. The performance of the five major sub-components was mixed, with two indices recovering somewhat from multi-year lows reached in the previous […]