Absa PMI falls below 50 again in March
- April 2, 2024
- Infrastructure
- 0 Comments
The Absa Purchasing Managers’ Index (PMI) slipped back to below 50 points in March, decreasing to 49.2 index points, from 51.7 in February. Following robust improvements in February, both the business activity and new sales orders index declined in March, although the indices remained above the recent lows seen in January. Comments by respondents suggest that demand conditions were sluggish, Absa said in an April 2 media statement.
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