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Absa PMI improves but remains in contractionary territory

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Factory output remains in contractionary territory as the Absa PMI rose to 49.8 points in April from 41.8 previously. The uptick was largely driven by a surge in the inventories index which is at its highest level since mid-last year. Business Day TV unpacked the print with Lisette IJssel de Schepper, Senior BER Economist.
2 May 2023 9AM English South Africa Business · Business News

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