Absa PMI dips below 50 in March 2024

Sentiment in South Africa’s manufacturing's sector fell into contractionary territory in March against a backdrop of sluggish demand. The Absa Purchasing Managers’ Index printed at 49.2 points last month, below market consensus and lower than the 51.7 points recorded in February. CNBC Africa is joined by Sello Sekele, Macroeconomist, ABSA for more.
Tue, 02 Apr 2024 11:14:02 GMT