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2025.09.0109:38:44UTC+00South African Manufacturing Slips Back into Contraction: Absa

In August 2025, South Africa's seasonally adjusted Absa Purchasing Managers' Index (PMI) decreased to 49.5 from 50.8 in the previous month, signifying a return to contraction in the nation's manufacturing sector. The business activity sub-index dropped by 1.3 points to 45.8, partly due to increased competition from cheaper imports. Additionally, new sales orders saw a significant decline, falling by 8.5 points to 47.4, as respondents pointed to the negative impact of US tariffs on exports.

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