Afrique du Sud PMI manufacturier

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) in South Africa dropped to 48.1 in November 2024, down from 52.6 in the prior month. The latest reading signaled a renewed contraction in the country’s factory activity, with both the business activity and new sales orders sub-indices declining after the expansions observed in September and October. "While inflation and interest rates have come down relative to earlier in the year, demand remains unpredictable", Absa noted. "The global political outlook has become more complicated with concerns about global growth and trade dynamics following the election of Donald Trump as US President earlier in November", it added.