manufacturing activity grows

South African manufacturing activity surged last month, the purchasing managers index (PMI) showed yesterday. The index rose to 57,2 last month from 54,8 in December.

South African manufacturing activity surged last month, the purchasing managers index (PMI) showed yesterday. The index rose to 57,2 last month from 54,8 in December.

"Factors that might have spurred the increase in output include the need to replenish inventories, intensified backlogs of sales orders, and the depreciation in the rand," said sponsor Investec. - Reuters

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