The momentum of SA’s manufacturing sector recovery slowed for second consecutive month in June, with level 4 lockdown restrictions at the end of the month now posing a renewed threat, according to an industry survey published on Thursday.

The Absa Purchasing Managers’ Index (PMI) — released in conjunction with Stellenbosch University’s Bureau for Economic Research — fell to 57.4 in June from 57.8 the month before, with an assessment of expected business conditions deteriorating slightly. ..

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