SA’s Absa PMI expands for the first time in 7 months

PUBLISHED: Thu, 01 Aug 2019 15:33:12 GMT

Absa Purchasing Managers’ Index moved into expansion for the first time in seven months. Higher demand stimulated necessary growth in sales and business activity. Manufacturing activity rose to 52.1 in July from 46.2 in June. Senior Economist at Absa, Miyelani Maluleke, joins CNBC Africa for more.

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