
ABSA PMI shows decline in manufacturing sector
[FILE] The logo of South Africa’s Absa bank is seen outside an Absa branch in Cape Town, South Africa, March 10, 2020. 1 minute The manufacturing sector in South Africa is facing challenges, with ABSA’s Purchasing Managers’ Index (PMI) declining to 48.1 index points in November 2024, down from 52.6 in October. ABSA stated that…