Indicators
South Africa Expected Business Conditions Surge to Two-Year High
- The gauge rose to 68.1 in June from 57.6 a month earlier
- Jump in index due to expectations that demand may improve
Workers on an assembly line in Durban, South Africa.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
An index tracking expected business conditions in six months’ time for the South African manufacturing industry jumped to the highest level since February 2022, on easing political uncertainty and expectations of improving demand.
The gauge rose to 68.1 in June from 57.6 a month earlier, Absa Group Ltd. said on Monday.