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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 S&P GLOBAL PMI 49.2 (FSCT 49.9); AUG 51.7
- In September, the S&P Global South African PMI slipped into contractive territory for the first time since December 2021.
- Load-shedding was the key driver of the decline, hindering production and demand as foreshadowed by the Absa PMI on Monday.
- This detail should not overshadow the prices and employment indices, which improved and will be welcome news for the SARB. Employment recorded another solid increase, and Q3 unemployment is set to continue to edge down.
- Despite wage costs continuing to generate upwards price pressures, overall inflationary pressures receded. South African headline CPI is anticipated to ease for the second consecutive month in September, and wage pressures should begin to soften.
- Outlooks improved, as severe load-shedding was seen as temporary.
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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