South African ABSA Manufacturing PMI (Mar) 49 (Prev. 47.4)
The South African ABSA Manufacturing PMI for March has printed at 49, up from a previous reading of 47.4.
South Korea has raised its energy disruption alert to the second-highest level due to the possible crude oil supply crisis, via Yonhap
US advisers who speak regularly with the US President are reportedly uncertain about the mixed signals from Trump, according to Axios
South African ABSA Manufacturing PMI (Mar) 49 (Prev. 47.4)
Head of the National Security Commission says "the 47-year period of hospitality in the Strait of Hormuz is over", ISNA reports, adding "The Strait of Hormuz will definitely open", but not for Trump
US President Trump said he is strongly considering pulling the US out of NATO after it failed to join his war on Iran, The Telegraph reports
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This uptick, while still below the neutral level of 50, suggests a slowing contraction in manufacturing activity, which could influence market sentiment and expectations regarding economic recovery in South Africa.
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