{"id":30645,"date":"2023-05-02T09:02:57","date_gmt":"2023-05-02T09:02:57","guid":{"rendered":"https:\/\/lynettelockhart.com\/client\/south-african-factory-activity\/"},"modified":"2023-05-02T09:04:18","modified_gmt":"2023-05-02T09:04:18","slug":"south-african-factory-activity","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/south-african-factory-activity\/","title":{"rendered":"South African factory activity contracts less in April &#8211; Absa PMI"},"content":{"rendered":"<p>JOHANNESBURG (Reuters) &#8211;     South African manufacturing activity contracted again in April but less than in February and March, helped by companies building up inventories, a survey showed on Tuesday.<\/p>\n<p>The seasonally-adjusted Absa Purchasing Managers&#8217; Index (PMI) rose to 49.8 points in April from 48.1 in March, staying below the 50 point mark that separates expansion from contraction for the third consecutive month.<\/p>\n<p>&#8220;The underlying survey results suggest that the sector experienced another tough month at the start of the second quarter,&#8221; Absa said in a statement, adding that power cuts continued to hurt output and demand was still under pressure.<\/p>\n<p>Struggling state utility Eskom has implemented electricity cuts on almost every day this year, after a record number of days with outages last year.<\/p>\n<p \/>\n<p> (Reporting by Alexander Winning; Editing by Estelle Shirbon)<\/p>\n<p><a href=\"https:\/\/lynettelockhart.com\/client\/south-african-factory-activity\/people-work-at-the-faktory-in-johannesburg\/\"><img decoding=\"async\" src=\"https:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ4108L-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ4108L-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG (Reuters) &#8211; South African manufacturing activity contracted again in April but less than in February and March, helped by companies building up inventories, a survey showed on Tuesday. The seasonally-adjusted Absa Purchasing Managers&#8217; Index (PMI) rose to 49.8 points in April from 48.1 in March, staying below the 50 point mark that separates expansion [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":30646,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-30645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ4108L-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/30645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=30645"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/30645\/revisions"}],"predecessor-version":[{"id":30647,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/30645\/revisions\/30647"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/30646"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=30645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=30645"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=30645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}