PURCHASING INDEX DECLINES

South Africa's purchasing managers index (PMI) slipped to a new, all-time low of 35,6 on a seasonally adjusted basis in April and remains vulnerable to weak domestic demand, Investec said yesterday.

South Africa's purchasing managers index (PMI) slipped to a new, all-time low of 35,6 on a seasonally adjusted basis in April and remains vulnerable to weak domestic demand, Investec said yesterday.

The measure of manufacturing activity has been below the key 50,0 level for a year as the sector grapples with the economic slowdown and depressed domestic demand. - Reuters

X