South Africa’s manufacturing sector grew at a sharply slower pace in November, survey data showed Tuesday.

The Absa Purchasing Managers’ Index, or PMI, fell to 52.6 from 60.9 in October. A reading above 50 suggests growth in the sector.

The PMI is compiled by the Bureau for Economic Research and sponsored by the banking group Absa. The index is based on the widely used and highly regarded Purchasing Managers Index produced by the Institute for Supply Management (ISM) in the USA.

“While still signalling an improvement in business conditions, the drop suggests that the manufacturing sector’s recovery is starting to lose momentum,” the BER said.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.