South Africa’s seasonally adjusted Absa Purchasing Managers’ Index (PMI) expanded in June as an easing of coronavirus restrictions lifted business activity and sales.
The index, which gauges manufacturing activity in the economy, rose to 53.9 points in June from 50.2 points in May.
“The further rise in June merely means that a solid month-on-month increase was likely recorded,” analysts at Absa said of the survey.
South Africa imposed a strict lockdown in late March to curb the spread of the coronavirus but has since eased some of the restrictions.
From 1 June, much of the economy was allowed to return to full capacity.
