Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SOUTH AFRICA
MNI (London)
SOUTH AFRICA AUG ABSA MFG PMI 52.1 (FCST 48.2); JUL 47.6
- Following a brief dip into contractionary territory in July, the South African manufacturing PMI rebounded to 52.1 in August, exceeding market expectations.
- Easing load-shedding saw business activity break the 50-breakeven point for the first time since March and since the April flooding which greatly hampered production capacities.
- The decline in new orders slowed, implying a small recovery in demand. Price growth also slowed, largely due to fuel costs alleviating and optimism bounced back.
- With the SARB set to meet on Sept 22, this data will be seen as cautiously positive. As such, the data underpins confidence in the hiking cycle following the surprise 75bp July hike as the SARB tackles inflation soaring at 7.8% y/y.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok