South Africa’s key leading indicator of activity in the manufacturing sector rebounded to the 50 level mark in October after slipping 49.1 index points in September recovering some grounds by increasing to 50.7 index points, according to the Purchasing Managers’ index (PMI). Anything above the 50 point mark indicates expansion and below that level indicates contraction. However, despite the improvement, the seasonally adjusted Kagiso PMI remained below the average reading of 52.7 recorded during the third quarter of this year.
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