Business conditions in manufacturing remain subdued in the next six months

The original article can be found here.

Article highlights:

  • Business conditions in the manufacturing industry could remain subdued in the next six months in spite of the expected rebound of industrial activity in the fourth quarter of 2021.
  • The PMI gained 3.6 points to remain in expansionary territory with 57.2 points in November, up from 53.6 in October, and pointing to a faster expansion in manufacturing since June.
  • Absa senior economist Miyelani Maluleke said this boded well for a recovery in actual manufacturing production in the fourth quarter after a very poor third quarter.