Free Trial

Whole Economy PMI Drops to Lowest Since Aug'20

SOUTH AFRICA
  • No surprise to see South Africa's whole economy PMI drop to 46.1 in July, down from 51.0 after Monday's sharply lower than expecting manufacturing figure.
  • This marks the lowest reading since August last year, with New Orders seeing notable weakness: down to 43.1 from 50.1 last month. As was the case for the manufacturing data, rioting and rampant delta variant likely the drivers behind the weakness.

To read the full story

Close

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.