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SA factory activity continues to gain momentum

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The Purchasing Managers Index (PMI) compiled by Absa suggests that local factories are in good health as the latest reading for May has come in at 57.8 points with four of the five sub-components remaining above the 50-point neutral mark that separates expansion from contraction. Business Day TV's Alishia Seckam unpacked how the print impacts the outlook for the sector with Absa's senior economist, Miyelani Maluleke.
1 Jun 2021 2AM English South Africa Business · Business News

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