SA’s PMI decline contrasts trading-partner PMI increase
The South African Purchasing Managers’ Index (PMI) declined by 2.9 index points to 47.4 in April, owing to a broad range of PMI subcomponents losing ground. The April reading, a level last seen in July 2011, suggests renewed pressure in the local factory sector, said Andre Coetzee, Managing Director of CIPS Africa. “The level […]
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