PMI up on recovery from car strikes

Johannesburg - 's purchasing managers' index (PMI) has lifted as producers recovered from strikes in the car manufacturing sector, a survey showed on Monday.

Survey sponsor said the PMI rose to 52.4 in November from 50.7 in October as producers recovered from strikes in the car manufacturing sector, a survey showed on Monday.

It said the outlook for the manufacturing sector was positive, with most of the components of the index rising in November.

The employment category hit its highest level so far this year, highlighting producers' optimistic outlook for the next few months.