Absa PMI | Manufacturing index declines in July

The ABSA purchasing managers' index for July came in at 46.8 index points, that's 0.5 points down on the June headline number.

The business activity index was up for a second straight month in July, at 48.8 points, with new sales orders also up, registering 44.1 points.

However, a sharp drop was seen in the inventories index, down to 43.2 points, while the supplier deliveries index also fell 4.5 points to 55.5.

SABC News economics reporter Nompumelelo Siziba reports from Johannesburg.

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