PMI climbs to 47.2 in April as load shedding fears ease

Absa’s Purchasing Managers Index rose from 45 points to 47.2 points, its highest increase in four months. The Manufacturing activity index is still registering below the 50 point mark which separates contraction from expansion. Joining CNBC Africa to unpack the data is Miyelani Maluleke, Senior Economist, Absa.

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