Gain for producer prices

PRODUCER prices rose in December for the first time in eight months, data showed yesterday, indicating that manufacturing in Africa's biggest economy is rebounding from last year's recession.

PRODUCER prices rose in December for the first time in eight months, data showed yesterday, indicating that manufacturing in Africa's biggest economy is rebounding from last year's recession.

Statistics South Africa said producer prices rose 0,7percent last month from a year earlier, more than expected and recovering from a 1,2percent decline in November. - Reuters

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