South African ABSA Manufacturing PMI (Jan) 48.7 (Prev. 40.5)
Newsquawk Staff ·
South African ABSA Manufacturing PMI (Jan) 48.7 (Prev. 40.5)
What it means
The South African ABSA Manufacturing PMI for January came in at 48.7, significantly higher than the previous month's reading of 40.5. This improvement, moving closer to the neutral 50 mark, suggests a potential recovery in manufacturing activity, which could positively influence market sentiment and shape expectations around economic growth in the region.
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