South African ABSA Manufacturing PMI (Feb) 47.4 (Prev. 48.7)

Newsquawk Staff · 2 Mar 2026, 09:20 UTC

What it means

The February PMI reading for South Africa's ABSA Manufacturing shows a decline to 47.4 from the previous 48.7, indicating a contraction in manufacturing activity. This move may signal weakening economic momentum, raising concerns about growth prospects and potential implications for monetary policy as the central bank balances growth and inflation risks.

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