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Positive signs for SA manufacturing - index

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Cape Town - There are positive signs that the manufacturing sector started the year on a solid footing, according to the latest Absa Purchasing Managers’ Index (PMI) released on Wednesday.

The seasonally adjusted Absa PMI, compiled by the Bureau for Economic Research (BER) at the University of Stellenbosch, rose by a further 1.6 points to 52.5 index points in February, after a rise of 4.2 points in January.

According to the BER, this second consecutive improvement in the PMI and the broad-based nature of the uptick across the key subcomponents is a positive sign that the manufacturing sector started the year on a solid footing.

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