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Absa PMI crashes to all-time low as economic activity freezes

4 May 2020

South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) contracted to its lowest ever in April with manufacturing activity forced to a standstill due to the coronavirus and a lockdown entering its sixth week. The index, which gauges manufacturing activity in Africa’s most industrialised economy, fell to 5.1 points from 48.1 points in March, its lowest

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This content was originally published by Moneyweb. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Moneyweb

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