The Kagiso Purchasing Manufacturing Index (PMI) for December, the country’s leading manufacturing indicator, declined to 49.9, from 52.4 in November and 50.7 in October, figures released yesterday showed. Some analysts expressed concern about the outcome, arguing that the figures do not bode well given that a number of PMIs across the globe showed some sign of a rebound over the 50 level mark which indicated positive activity in the sector.
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