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Absa PMI declines in July, but domestic demand and new sales orders improve
Financial services firm Absa’s Purchasing Managers’ Index (PMI) declined to 46.8 in July, from 47.3 points in the prior month. While this reading suggests a weak start to the third quarter, the headline decline arguably overstates the weakness in underlying manufacturing conditions, as domestic demand improved and lifted new sales orders, Absa comments.
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businessday.co.za
Manufacturing index hits 7-month low as caution persists
Factory purchasing managers wary of cost pressures despite easing oil shock
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engineeringnews.co.za
Absa PMI declines in July, but domestic demand and new sales orders improve
Financial services firm Absa’s Purchasing Managers’ Index (PMI) declined to 46.8 in July, from 47.3 points in the prior month. While this reading suggests a weak start to the…