Absa South Africa Manufacturing Purchasing Managers Index (PMI)

South Africa, ZAR
Importance
Medium
Sector:
Business
Source:
Bureau for Economic Research (BER)
N/D
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Absa Manufacturing Purchasing Managers Index (PMI) is an indicator of business conditions in the South African manufacturing sector. It is compiled by the South African Bureau of Economic Research and is sponsored by Absa.

PMI is interpreted as a leading indicator of production and inflation. PMI growth indicates favorable market conditions and it can be seen as positive for the South African rand.

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