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'Downturns in business to dent manufacturing sector'

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Johannesburg – A contraction in manufacturing production is likely, according to an analyst.

The Purchasing Manager’s Index (PMI) for June, which was released on Monday dipped to 46.7, from 51.5 reported in May.

The PMI averaged below the neutral 50 mark in the second quarter of 2017. This suggests a possible contraction in actual manufacturing production, explained Investec economist, Kamilla Kaplan.

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