South African ABSA Manufacturing PMI (Dec) 40.5 vs. Exp. 44 (Prev. 42.0)
Newsquawk Staff ·
South African ABSA Manufacturing PMI (Dec) 40.5 vs. Exp. 44 (Prev. 42.0)
What it means
The South African ABSA Manufacturing PMI for December came in at 40.5, significantly below the expected 44 and a prior reading of 42. This sharp decline indicates a contraction in manufacturing activity, which could raise concerns about the overall economic health and suggest potential implications for monetary policy going forward.
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