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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 SEP ABSA MANUF. PMI 48.2; AUG 52.1
- The South African manufacturing PMI re-entered contractive territory in September, after the surprise expansion in August.
- The disruptions in electricity supply were cited as the cause for declining production and were more disruptive than in August. Load-shedding caused weaker demand elsewhere along production and retail chains, generating a chain-reaction.
- New sales orders fell sharply as a result and business confidence weakened further, however, cost pressures continued to cool for the third successive month.
- South African CPI is set to cool for the second consecutive month in the September data from +7.6% y/y in August, underpinning confidence in the SARB's tightening cycle.
- The Absa PMI anticipates modest Q3 growth in manufacturing, following flooding disruptions in Q2 and strict lockdowns/looting in the same period last year.
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.
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