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South African Factory Activity Stabilizes After Lockdown Slump

  • Absa PMI dipped to 51.2 in July from 53.9 the previous month
  • Index signals improvement in conditions for third month
A worker at a factory in Roodekop, South Africa.

A worker at a factory in Roodekop, South Africa.

Photographer: Waldo Swiegers/Bloomberg

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An index measuring South African manufacturing sentiment pulled back in July as activity levels in the sector stabilize.