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Press Release – 2015/08/27: JULY PPI CONFIRM TOUGH TIMES AHEAD FOR METALS AND ENGINEERING SECTOR

JOHANNESBURG, 27 AUGUST 2015 – Detailed analysis of the Producer Price Index (PPI) figures released by Statistics South Africa today (Stats SA) confirms the concern of an economy in trouble, the Steel and Engineering Industries Federation of Southern Africa (SEIFSA) said.

Speaking after the release of the figures, SEIFSA Economist Tafadzwa Chibanguza said that while containing inflation was prudent, a lack of inflation was even more concerning and painted a scenario of weak activity in the economy.

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