PMI improves, but economy still in contraction mode – The New Age
PMI improves, but economy still in contraction mode – The New Age
South Africa’s key manufacturing index, the Kagiso Purchasing Mangers’ Index (PMI) – for August – reflected slight recovery, rising by 3.1 index points to 49.0 from 45.9 in July. However, it is still below the 50 mark, signalling contraction. Abdul Davids comments.
