
How current PMI levels are comparing to 2008 financial crisis
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Activity at South Africa’s factory gate continues to slow. The Absa PMI has suffered its fourth month of decline coming in at 44.3 in February, its lowest level since the 2008/2009 financial crisis. Business Day TV spoke to Miyelani Maluleke, Senior Economist at Absa about the current print and what it means for the industry’s growth moving forward.





