South Africa Manufacturing PMI Falls to 45.8
South Africa manufacturing sentiment deteriorated further in August as the Absa PMI fell to 45.8. The drop was driven by slumping business activity and weaker domestic demand. Despite current challenges, future optimism rose above the neutral level.
Insights:
South Africa's manufacturing sector contracted further in Tuesday morning trading as the seasonally adjusted PMI fell to 45.8 in August from 46.8 in July.
