South Africa's Absa PMI rises above 50-mark in February

Reuters    Translate This Article
1 March 2018

On 1 March 2018 Reuters reported: South Africa's seasonally adjusted Absa Purchasing Managers' Index rose in February to its best reading in nearly a year as companies anticipated activity would be boosted by the improved outlook for the local economy, a survey showed on Thursday (1 March). The 50-mark separates contraction from expansion, and it is the first since May 2017 that the index breached the point. Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.

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