África do Sul PMI Industrial

South Africa’s seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 48.5 in June 2025 from 43.1 in May, marking its second-highest reading of the year. Although the index remained below the 50-point threshold for the eighth consecutive month—signaling ongoing contraction—it pointed to improving momentum in the manufacturing sector. The uptick was largely driven by a smaller decrease in new sales orders (up 7.8 points to 46.1), supported by firmer demand and easing cost pressures. However, factory output remained weak, with the business activity sub-index falling 1.6 points to 41.9 amid persistent structural and logistical challenges.