Economics
South African Manufacturers Turn Pessimistic
- Absa PMI drops to 45.7 in August from 52.1 in previous month
- Manufacturing index signaled contraction 7 of 8 months in 2019
A worker operates a machine used to mold clear glass bottles at a manufacturing plant in Roodekop.
Photographer: Waldo SwiegersThis article is for subscribers only.
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South African manufacturing industry sentiment slid back into contraction in August, signaling the surprising recovery in July was unsustainable.