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Maroc Maroc - IT-ONLINE.CO.ZA - A La Une - 02/Sep 09:30

Sluggish demand pushes Absa PMI back to contractionary territory

After the encouraging uptick in July, the seasonally adjusted PMI dropped significantly by 8.8 points to 43.6 in August, down from 52.4 in July. This decline underscores the challenges the sector faces amid ongoing political uncertainty, high but slowing inflation, elevated borrowing costs, and sluggish demand both globally and domestically. These factors have hampered the […]

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