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Absa PMI declines in June

South Africa’s Managers Index – a key measure of manufacturing activity – fell last month. Absa’s PMI index declined to 52.2 points Purchasing – still above the neutral level signaling expansion. However, the business activity index fell for a third straight month in June, stocking concerns the manufacturing sector could be a drag on GDP in the sector quarter. Joining CNBC Africa for the first time in two years is Miyelani Maluleke, Absa CIB Senior Economist.
Fri, 01 Jul 2022 12:13:40 GMT