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Manufacturing outlook dims as December PMI decline raises recession fears for South Africa
The Absa PMI remains in the doldrums, a reflection of ebbing confidence in the manufacturing sector which could signal that South Africa’s economy tipped into a recession in the last quarter of 2024.
South African factory sector contracts for second consecutive month in December, Absa PMI shows
South African manufacturing activity fell for the second month in a row in December, a local purchasing managers' index (PMI) ...