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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 OCT ABSA MANUF. PMI 50.0 (FCST 48.0); SEP 48.2
- South Africa's Absa manufacturing PMI increased by 1.8 points to 50.0, beating forecasts of 48.0 and exiting contractive territory of September.
- Challenges of the Transnet strike, weakening global demand and persistent load-shedding hampered production. Transnet strikes contributed to poor exports.
- Less severe load-shedding saw business activity improve and new sales orders recorded modest recoveries, however outlooks weakened on the back of concerns regarding future global demand.
- Prices softened for the fourth consecutive month, implying a downward trend in PPI. Inflationary effects of the upcoming fuel price hike will be closely watched for in the next survey.
Source: Absa
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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