Manufacturing - boosted by weak rand - doing 'a lot better' than expected

The Barclays Purchasing Managers’ Index (PMI) continued its recent upward move and reached 54.9 points last month from 50.5 in March.

It is now more than 10 points above the level recorded three months ago.

A level above 50 indicates expansion in manufacturing activity.

The Money Show’s Bruce Whitfield interviewed Miyelani Maluleke, Economist at Barclays Africa.

Scroll down for quotes from the audio below.

This was a lot better than the market expected.

Miyelani Maluleke, Economist at Barclays Africa

Manufacturing is finally responding to the weak rand.

Miyelani Maluleke, Economist at Barclays Africa

China is showing sign of stabilisation.

Miyelani Maluleke, Economist at Barclays Africa

We expect growth of around 6.5% in China this year.

Miyelani Maluleke, Economist at Barclays Africa

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Article brought to us by Old Mutual.

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