{"id":292762,"date":"2019-01-09T12:28:08","date_gmt":"2019-01-09T10:28:08","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=292762"},"modified":"2019-01-09T12:28:08","modified_gmt":"2019-01-09T10:28:08","slug":"sa-manufacturing-pmi-snaps-9-month-contraction-cycle","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/292762\/sa-manufacturing-pmi-snaps-9-month-contraction-cycle\/","title":{"rendered":"SA manufacturing PMI snaps 9 month contraction cycle"},"content":{"rendered":"

A gauge measuring South Africa\u2019s manufacturing industry expanded for the first time in nine months in December as new-sales and export orders improved.<\/p>\n

Absa Group Ltd\u2019s Purchasing Managers\u2019 Index, compiled by the Stellenbosch-based Bureau for Economic Research, rose to 50.7 from 49.5 in November, the Johannesburg-based lender said in an emailed statement Wednesday.<\/p>\n

The reading breached the neutral 50-point mark for the first time since February last year.<\/p>\n

The index measuring new-sales orders rose for a second consecutive month in December, reaching 54.3.<\/p>\n

It is the first time since July that survey respondents expect business conditions to improve in six months\u2019 time, with the index tracking expectations rising to 51.4.<\/p>\n

The lender warned that rolling blackouts, known locally as load-shedding, from mid-January could hamper a potential recovery in the sector.<\/p>\n

\"\"<\/a><\/p>\n

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Read: Here\u2019s how the rand could hit R10 to the dollar in 2019<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

A gauge measuring South Africa\u2019s manufacturing industry expanded for the first time in nine months in December as new-sales and export orders improved.<\/p>\n","protected":false},"author":59,"featured_media":269329,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26],"class_list":["post-292762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/292762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=292762"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/292762\/revisions"}],"predecessor-version":[{"id":292770,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/292762\/revisions\/292770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/269329"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=292762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=292762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=292762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}