Impact Partner Content - Absa / by Justin Schmidt, Head of New Sector Development, Absa Retail and Business Bank
Business conditions are improving but supply chain frictions remain
This week the latest Absa Purchasing Managers Index (PMI) data showed further evidence of the continued recovery of the sector with the PMI improving to 57.8 in May. This is the tenth consecutive month that the Absa PMI has been above the 50-point threshold that separates expansion and contraction and shows some promising resilience in the sector. Output and new sales orders continue to see strong reads in this survey.
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