Absa’s April PMI rises above the 50-point neutral mark

Absa's April PMI has beaten analyst expectations by rebounding to above the neutral 50-point mark coming in at 50.9 - this after the index declined to 46.9 in March. April's PMI gains were largely driven by increases in four of the five key subcomponents. Miyelani Maluleke, Economist at Absa joined us for more insight behind the numbers and what the slight expansion means for the sector and our economy.