Share

SA’s Absa PMI expands rapidly in February

Absa says its purchasing managers’ index increased to 53 index points in February from 50.9 in the month before. The bank says the increase was supported by three of the five subcomponents gaining, when compared to January. Purchasing managers are said to be optimistic about the next 6 months with the expectation index unchanged at 59.2 per cent. Miyelani Maluleke, Economist at ABSA Corporate & Investment Banking joins CNBC Africa for more.

Mon, 01 Mar 2021 11:24:19 GMT
Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.