Absa PMI climbs to 3-year high

The July Absa PMI figure is above the 50-point neutral mark for the first time in 7-months and at 52.1 index points, it's at its best level in three years with four of the five major sub-components breaching that neutral point mark BUT concerns around the global health of the sector persists which casts some doubt on the sustainability of these levels. Business Day TV sat down with Economist at Absa Miyelani Maluleke to talk about this turnaround and what it means for the sector and the economy. ​
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