Seifsa welcomes positive PPI performance

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed the latest Producer Price Index (PPI) data, released by Statistics South Africa (Stats SA) on Thursday, which showed growth in two sub-sectors.   However, the steel industry body also expressed concern regarding the absence of meaningful long-term gains.   While Stats SA’s data indicated that the PPI for final manufactured goods rose by 6.6% in October, compared with the same period last year, the PPI for ...