South African Manufacturing Production YoY (Feb) Y/Y -2.8% (Prev. -0.7%)
The South African manufacturing production for February printed at -2.8% year-over-year, a significant decline from the previous -0.7%.
Occidental Petroleum (OXY) reports an oil discovery at the Bandit prospect in the Gulf of America
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South African Manufacturing Production YoY (Feb) Y/Y -2.8% (Prev. -0.7%)
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This larger than expected contraction suggests weakening industrial activity, which could influence economic outlooks and policy considerations in South Africa, especially in relation to growth expectations and potential interest rate movements.
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