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South Africa's manufacturing sector contracts to its lowest point since August 2024, PMI at 45.3.
South Africa's manufacturing sector is contracting, with the PMI declining to 45.3 in January 2025, its lowest level since August 2024.
The employment index has fallen for ten consecutive months, and supply chain issues and rising input costs due to a weak rand and higher oil prices are adding to the sector's challenges.
Despite a slight improvement in new sales orders and business activity, economists warn that structural reforms are needed to support growth and resilience in the face of ongoing economic pressures.
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El sector manufacturero de Sudáfrica contrata hasta su punto más bajo desde agosto de 2024, PMI en 45.3.