The decline in the price index was supported by the further currency appreciation to levels below R6.30US at year-end, as well as the moderation in local energy prices.
More Quotes from André Roux:
The slight depreciation of the rand during March seems to have impacted positively on both the export performance of manufacturers as well as the degree of import competition. This is a positive development. However, compared to other sectors of the South African economy (excluding mining), where both activity and confidence are at high levels, the manufacturing sector is clearly still under pressure.André Roux
On balance, purchasing managers remain hesitant in the current manufacturing business climate.
André Roux
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