Absa PMI falls further below 50-point mark in June

So we've had PMI reading for June slump to its lowest level in three months - having dropped to 47.9 in June from 49.8 in May. The purchasing managers' index is compiled by the Stellenbosch-based Bureau for Economic Research and Absa Bank and Miyelani Maluleke, Economist at ABSA joined us to take a look at the PMI trajectory and what it means for the sector and economy at large.