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Manufacturing Slips: June Absa PMI Signals Q2 Strain

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Absa Economist Sello Sekele unpacks June’s PMI decline from 50.8 to 47.3, the impact of easing Middle East tensions on fuel prices, the sharp drop in purchasing price pressures, weakening demand as buyers delay purchases, and why employment and inventories point to continued strain in South Africa’s manufacturing sector.
2 Jul 1PM English South Africa Business News · Investing

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