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Factory activity improves as Absa PMI edges higher in January
Автор: Newzroom Afrika
Загружено: 2026-02-02
Просмотров: 193
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South Africa’s factory activity showed signs of improvement in January 2026, with the Absa Purchasing Managers' Index rising to 48.7 points. While still below the 50-point mark, indicating contraction, the pace of decline has eased. Business activity rebounded into expansion territory at 51.4, driven by stronger domestic demand, but export conditions worsened sharply to their weakest level since the Covid-19 pandemic. Absa Corporate and Investment Banking economist Sello Sekele shares insights on the latest PMI reading.
Tune into Newzroom Afrika DStv channel 405 for more.
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