Facing a second consecutive quarterly decline, Absa’s manufacturing survey finds that, overall, business confidence dipped by three points to 38 during the fourth quarter, thereby effectively resulting in the manufacturing sector facing a “stop-start” recovery. The bank notes that risks related to the fourth wave of the Covid-19 pandemic and uncertainty regarding load-shedding are continuing to weigh on local manufacturers, despite positive news regarding domestic and export sales volumes, as well as fixed investment levels.
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