PMI down 2 points – unlikely to pick up soon
The South African manufacturing sector started 2016 on the back foot as the seasonally adjusted Barclays purchasing managers’ index (PMI) fell by 2 index points to 43.5 in January. This is more than 5 index points below the average level recorded in 2015. According to Miyelani Maluleka, economist at Barclays Africa the index suggests […]
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