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Maroc Maroc - Daily Maverick - A La Une - 02/Sep 18:15

MANUFACTURING SECTOR: Absa PMI sinks back into negative territory in August as economy stays stuck in low gear

The Absa Purchasing Managers’ Index, a key gauge of confidence in the manufacturing sector, sank back into negative territory in August. Eskom has been keeping the lights on, the Government of National Unity is firmly in place, and interest rates may soon fall, but the South African economy still faces significant headwinds.

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