Absa forward PMI on a roll

By |2024-07-04T08:32:09+02:00July 4, 2024|To The Point|

In June, the Absa/BER Purchasing Managers’ Index (PMI) for business expectations in manufacturing for the next six months reached its highest level since February 2022, with a reading of 68.1, significantly up from the previous 24-month average of 53.2. This improvement reflects a strong recovery in manufacturing sales and a renewed optimism in the economy, bolstered by a historic transition to a government of national unity committed to good governance and economic growth