South African manufacturing activity improved in October, but rolling power cuts and a crippling strike at freight rail and ports company Transnet prevented a stronger recovery, a survey showed on Tuesday.
The seasonally-adjusted Absa Purchasing Managers' Index was at 50.0 points in October from 48.2 points in September, hitting the 50-point mark that separates contraction from expansion.
“Exports remained poor amid the paralysing Transnet strike during the month, while global demand is faltering," Absa said in a statement.
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