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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 NOV ABSA MANUF. PMI 52.6 (FCST 50.5); OCT 50.0
- The South African manufacturing PMI saw a surprise 2.63-point uptick to 52.6 in November, improving for a second consecutive month. As such, a modest expansion is possible for Q4.
- New orders expanded again, improving further on September's contraction as load-shedding became less severe.
- Yet sustained improvements in demand will be necessary to see employment lift from contractive territory. Energy supply security is paramount in sustaining production and demand.
- Easing oil prices helped the largely stable price index, and improvements in the ZAR should underpin softening price pressures into year-end.
- Focus now turns to Q3 GDP on Tuesday. Of interest will also be October's manufacturing production data due Thursday, which will reflect the extent of disruption caused by Transnet strikes.
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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