简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:JOHANNESBURG (Reuters) – South African manufacturing activity remained in positive terrain in January, as a decline in employment and new sales orders was offset by growth in business activity and inventories, a survey showed on Wednesday.
South African factory activity stable in January - Absa PMI
JOHANNESBURG (Reuters) – South African manufacturing activity remained in positive terrain in January, as a decline in employment and new sales orders was offset by growth in business activity and inventories, a survey showed on Wednesday.
The seasonally-adjusted Absa Purchasing Managers Index (PMI) was at 53.0 points in January, almost unchanged from 53.1 in December and remaining above the 50-point mark that separates expansion from contraction.
The survey showed that the business activity index improved in comparison to the previous month despite rolling power cuts, which held back production and affected new sales orders.
“Should this translate into actual production growth, it would be a promising start to the year for the struggling sector,” Absa said in a statement.
Absa added that continued activity growth would require a sustained improvement in demand and most likely a move to less intense stages of power outages.
Struggling state utility Eskom has implemented power cuts every day this year, after a record number of days with outages last year. On Tuesday, it ramped up power cuts to the highest level on record.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.