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PMI Remains in Contraction Mode for 2nd Month


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South Africa's manufacturing sector improved slightly during August, but still remains in contraction mode. The PMI for August increased by 2 point 5 index points to 46 point 7 in August making it the second month in a row that the reading has registered below 50, indicating that growth in the sector is slowing.

ABN’s Alishia Seckam speaks with Abdul Davids, Head of research at Kagiso Asset Management.




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