Factory activity slows further due to load-shedding

After a strong start to the year, the Absa PMI has fallen for a second consecutive month with March's reading coming in at 48.1 index points down from 48.8 index points in February. On the bright side, the index tracking expected business conditions in the next six months suggests that output could improve moving forward. Miyelani Maluleke, Senior Economist at Absa spoke to Business Day TV about the detail of the index.