South Africa’s manufacturing growth strengthened in February, with increases across the board, results of a monthly survey by the Bureau of Economic Research showed Tuesday.
The seasonally adjusted Absa Purchasing Managers’ Index, or PMI, climbed to 58.6 after a three-point rise to 57.1 in January.
“The improvement was driven by increases in all five sub-components making up the headline PMI, suggesting that the manufacturing sector continued to fare well during the second month of the year,” the think tank said.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
