Recovery in the manufacturing sector is proving more robust than expected with the key leading indicator of manufacturing conditions breaking decisively through the neutral 50-point barrier last month and hitting its best level in a year. The Kagiso purchasing managers index (PMI) rose for a third consecutive month to 51.8 in October from 50.8 in September, indicating that activity in the manufacturing sector continued to improve following months of weakness and that recovery in the sector may be gaining traction. This marks the best level it has reached since November 2013. Abdul Davids comments.

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