MANUFACTURING
The Manufacturing Circle Investment Tracker, a quarterly index that tracks investment trends in the manufacturing sector, fell to 58 points in the fourth quarter of 2016 from above 70 points in the prior quarter. Nevertheless, chairman André de Ruyter said the index was still suggestive of an investment lift in the first quarter of 2017 and the “appearance of some green shoots for our sector”. At higher than 50 points the index, which is compiled by Nascence Advisory and Research on behalf of the Manufacturing Circle, suggests expansion in manufacturing investment.
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