SA factory activity ended 2023 on a positive note
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South African manufacturers ended 2023 with a boost due to increased business activity, with hopes for the first half of 2024 looking optimistic. The Absa Purchasing Managers’s Index (PMI) rose by 2.7 points to 50.9 index points – above the neutral reading of 50 – in December 2023, partially due to the encouraging increase in business activity.
The business activity index grew from 46 in November to 51.4 in December.
“Businesses operating through the festive period may have benefitted from relatively less load-shedding in December,” Absa said.
The business activity index grew from 46 in November to 51.4 in December.
“Businesses operating through the festive period may have benefitted from relatively less load-shedding in December,” Absa said.
