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South Africa’s factory sentiment slips back into contraction.
Manage episode 517615905 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
GUEST: Sello Sekele – Economist, ABSA
South Africa’s factory floor is losing rhythm again. The ABSA Purchasing Managers’ Index (PMI) slipped back below the crucial 50-point mark in October, dropping to 49.2 from 50.8 the previous month signalling renewed contraction in the country’s manufacturing activity.
The data paints a picture of fragile recovery and fading confidence: business activity fell sharply, new sales orders declined, and exports continued their seven-month slide weighed down by US trade tariffs and persistent port bottlenecks. Kaya FM
…
continue reading
South Africa’s factory floor is losing rhythm again. The ABSA Purchasing Managers’ Index (PMI) slipped back below the crucial 50-point mark in October, dropping to 49.2 from 50.8 the previous month signalling renewed contraction in the country’s manufacturing activity.
The data paints a picture of fragile recovery and fading confidence: business activity fell sharply, new sales orders declined, and exports continued their seven-month slide weighed down by US trade tariffs and persistent port bottlenecks. Kaya FM
174 episodes
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Manage episode 517615905 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
GUEST: Sello Sekele – Economist, ABSA
South Africa’s factory floor is losing rhythm again. The ABSA Purchasing Managers’ Index (PMI) slipped back below the crucial 50-point mark in October, dropping to 49.2 from 50.8 the previous month signalling renewed contraction in the country’s manufacturing activity.
The data paints a picture of fragile recovery and fading confidence: business activity fell sharply, new sales orders declined, and exports continued their seven-month slide weighed down by US trade tariffs and persistent port bottlenecks. Kaya FM
…
continue reading
South Africa’s factory floor is losing rhythm again. The ABSA Purchasing Managers’ Index (PMI) slipped back below the crucial 50-point mark in October, dropping to 49.2 from 50.8 the previous month signalling renewed contraction in the country’s manufacturing activity.
The data paints a picture of fragile recovery and fading confidence: business activity fell sharply, new sales orders declined, and exports continued their seven-month slide weighed down by US trade tariffs and persistent port bottlenecks. Kaya FM
174 episodes
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Similar to Kaya Biz
The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment. Listen to Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern for the top interviews from Bloomberg Surveillance Television. And join Tom Keene and Paul Sweeney for the best conversations from Bloomberg Surveillance Radio. Watch Surveillance TV LIVE each mornings: http://bit.ly/3P7nstQ. Watch Surveillance Radio LIVE weekday mornings: http://bit.ly/3vTiACF.
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continue reading
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