Following a robust increase in August, the Absa Purchasing Managers’ Index (PMI) ticked up further to 58.3 index points in September, with the shift to a lower lockdown level mid-month likely having driven the further improvement in business conditions in the local manufacturing sector. However, financial services provider Absa cautions that, despite the level of the PMI now being above pre-pandemic levels, it “does not directly translate to official manufacturing activity being back to pre-pandemic levels”.
from Engineering News | Home https://ift.tt/3nfTEfZ
