South African factory activity slumps in August - Absa PMI | Afrika-Verein der deutschen Wirtschaft e.V.

South African manufacturing activity fell sharply in August, with the PMI dropping to 43.6 from 52.4 in July due to political uncertainty, high inflation, elevated borrowing costs, and weak demand.

South African manufacturing activity fell sharply in August, with the PMI dropping to 43.6 from 52.4 in July, indicating contraction. The decline reflects volatile business conditions amid political uncertainty, slowing inflation, high borrowing costs, and weak global and domestic demand, according to Absa bank. These challenges have disrupted the sector’s momentum, marking the fifth month in 2024 with contractionary PMI readings. The 8.8-point drop in August outweighed July’s 6.7-point gain.

Headermotiv Länderinformationen

INSIGHT AFRICA

South African factory activity slumps in August - Absa PMI

Eindrücke zu unseren Veranstaltungen

Pressekontakt für Journalisten

AV - Mitglieder

Dr. Markus Thill President Region Africa Robert Bosch (Pty) Ltd.

Der Podcast des Afrika-Vereins: AFRICast Business

Folge 4