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UNDER PRESSURE

UNDER PRESSURE: South African factory sentiment edged deeper into contractionary territory in February, with the Absa Purchasing Managers’ Index, compiled by the Bureau for Economic Research, falling to 44.7 from 45.3 in January. The gauge of expected business conditions in six-month’s time fell “as uncertainties around global trade, SA-US relations, and the return of load-shedding weighed on sentiment”. Photograph: Bloomberg

Photo by Bloomberg

14th March 2025

By: Creamer Media Reporter

     

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UNDER PRESSURE: South African factory sentiment edged deeper into contractionary territory in February, with the Absa Purchasing Managers’ Index, compiled by the Bureau for Economic Research, falling to 44.7 from 45.3 in January. The gauge of expected business conditions in six-month’s time fell “as uncertainties around global trade, SA-US relations, and the return of load-shedding weighed on sentiment”. Photograph: Bloomberg

Edited by Creamer Media Reporter

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