Afrique du Sud PMI manufacturier

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) for South Africa dropped to 44.7 in February 2025 from 45.3 in January, marking the fourth consecutive contraction in factory activity and the sharpest decline since August 2024. Businesses cited weakening demand and input supply challenges as key factors behind the slowdown. Export sales also deteriorated further due to subdued global demand, trade disputes, and logistical disruptions. "Uncertainties about global trade dynamics continued, with some respondents flagging that increased tension in SA-US relations had specifically worsened their prospects," Absa said.