Absa PMI dips to 43.8 in May amid uncertainty

The Absa Purchasing Managers’ Index (PMI) fell below 50 points to 43.8 points in May, from 54 points in April, despite the fact that there was no loadshedding that month. Absa states that the deterioration, instead, seems to have been driven by a significant drop in demand ahead of the national elections.

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