Home Economy Indicative features of upturn in SA manufacturing

Indicative features of upturn in SA manufacturing

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According to the report gathered by the Bureau for Economic Research at Stellenbosch University, Purchasing Manager’s Index has gone up from 49.5 in November 2018 to 50.7 points in December 2018, which is higher than the neutral point and manifests progress in the manufacturing sector for the first time since July 2018.

The report stresses that a sustained recovery in demand is required before a meaningful recovery in the manufacturing output, investment and employment can take place.

It also mentions the contribution to PMI by three out of the five subcomponents, including those tracking activity, demand and supplier performance.

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