Latest Report Shows Decrease in South African Factory Activity for June

Monday, 1 July 2024, 06:10
The most recent Absa PMI report reveals a contraction in South African factory activity for the month of June. This marks a consecutive decline in production levels, indicating a challenging economic environment. The report highlights the ongoing struggles faced by the manufacturing sector in South Africa, with implications for the broader economy. Overall, the data suggests a concerning trend in industrial output and economic performance.
Investing.com
Latest Report Shows Decrease in South African Factory Activity for June

South African Factory Activity Decline

The latest Absa PMI report indicates a contraction in production levels for June.

Challenging Economic Environment

South African manufacturers are facing ongoing struggles amidst the economic challenges.

Decrease in production suggests broader implications for the manufacturing sector.

  • Consecutive decline in factory activity
  • Indicates challenging economic conditions
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