Why is the manufacturing sector likely to continue losing momentum
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The manufacturing sector hardly recorded any growth in January, output was lifted by a tepid 0.3% year-on-year
when the consensus expectation was a rise of 1.2%. The introduction of a carbon tax, above inflation cost increases in water and other administered services may exacerbate the industry's current position.
Miyelani Maluleke, Economist at Absa spoke with Business Day TV about what the latest print suggests about the direction of the manufacturing sector moving forward
when the consensus expectation was a rise of 1.2%. The introduction of a carbon tax, above inflation cost increases in water and other administered services may exacerbate the industry's current position.
Miyelani Maluleke, Economist at Absa spoke with Business Day TV about what the latest print suggests about the direction of the manufacturing sector moving forward