Absa PMI remains in contractionary territory

[Engineering News - South Africa] - 8/01/2026
Financial services firm Absa’s Purchasing Managers’ Index (PMI) decreased further by 1.5 points to 40.5 points in December and remains firmly in the range indicating contraction. However, an unusually sharp decline in the inventories index, as well as a steep decline in the employment index, (…)
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