South African manufacturing activity grew faster in January and buoyant new sales coupled with upbeat expectations suggest further robust growth ahead, the country's Purchasing Managers' Index (PMI) showed on Thursday.
Sponsors Investec said the PMI index rose to 57.2 in January from 54.8 in December on a seasonally adjusted and annualised basis, moving further above the 50 line that divides growth from contraction.
Read more at Reuters South Africa
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