SA manufacturing sector starts year on good note


SA's manufacturing output rises 4.5% from revised 3.9% rise in May.

JOHANNESBURG – The South African manufacturing sector has started the year on a good footing.

The ABSA Purchasing Manager’s Index – which is a gauge of the sector’s health – improved by four points in January.

At 49,9 points, it just misses the expansion mark of 50.

Manufacturers reported the best business expectations score since 2010.

READ: SA manufacturing surprises market

The improvement is likely due to the stronger global growth outlook as well as better prospects for the South African economy.

New sales orders also improved.