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South Africa’s Absa PMI rises in June

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South Africa’s Absa PMI rises in June

South Africa’s Absa PMI rises in June

Johannesburg, July 1, 2019 South Africa’s seasonally adjusted Absa Purchasing Managers’ Index for June rose as business activity and new sales orders edged higher, the survey showed on Monday.

The index, which gauges manufacturing activity in Africa’s most industrialised economy, rose to 46.2 in June from 45.4 in May, remaining below the 50 mark that separates contraction from expansion.

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