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Absa PMI suggests worst is yet to come for manufacturers

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The Absa PMI has registered its worst quarterly performance since 2009. It averaged 45.9 index points in the first quarter, down from 47.6 in the final quarter of 2019, and this despite the index having improved in March. The print suggests that the manufacturing sector may be in for worse times. Business Day TV spoke to Miyelani Maluleke, Senior Economist at Absa and Erik Smuts, CEO of Nampak to evaluate covid-19's impact on the sector.
1 Apr 2020 2AM English South Africa Business · Business News

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