FOREX TradingCharts.com

Financial News: South Africa Manufacturing Expansion Slows Sharply

South Africa Manufacturing Expansion Slows Sharply

12/01/2020 - 10:40:00 (RTTNews)

(RTTNews) - South Africa's manufacturing sector grew at a sharply slower pace in November, survey data showed Tuesday. The Absa Purchasing Managers' Index, or PMI, fell to 52.6 from 60.9 in October. A reading above 50 suggests growth in the sector. The PMI is compiled by the Bureau for Economic Research and sponsored by the banking group Absa. The index is based on the widely used and highly regarded Purchasing Managers Index produced by the Institute for Supply Management (ISM) in the USA.

"While still signalling an improvement in business conditions, the drop suggests that the manufacturing sector's recovery is starting to lose momentum," the BER said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Business Inventories Increase In Line With Estimates In November (10 hr(s), 30 min(s), 47 sec(s) ago)
(RTTNews) - Business inventories in the U.S. increased in line with economist estimates in the mon ...Full Story»

Bank Of Italy Sees 3.5% GDP Growth This Year (10 hr(s), 45 min(s), 47 sec(s) ago)
(RTTNews) - The Italian economy is set to expand this year and next, but will return to pre-pandem ...Full Story»

UK Economy To Log Negative Growth In Q1: NIESR (10 hr(s), 56 min(s), 47 sec(s) ago)
(RTTNews) - The UK economy is set to log negative growth in the first three months of this year, ...Full Story»

U.S. Consumer Sentiment Dips More Than Expected In January (11 hr(s), 03 min(s), 47 sec(s) ago)
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed a modest dete ...Full Story»

U.S. Industrial Production Jumps Much More Than Expected In December (11 hr(s), 20 min(s), 47 sec(s) ago)
(RTTNews) - The Federal Reserve released a report on Friday showing U.S. industrial production jum ...Full Story»

New York Manufacturing Index Unexpectedly Indicates Slower Growth In January (11 hr(s), 42 min(s), 47 sec(s) ago)
(RTTNews) - Activity in the New York manufacturing sector unexpectedly grew at a slower pace in th ...Full Story»

U.S. Producer Prices Rise Slightly Less Than Expected In December (11 hr(s), 50 min(s), 47 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Friday showed U.S. producer prices increa ...Full Story»

U.S. Retail Sales Continue To Slump Amid Spike In Coronavirus Cases (12 hr(s), 03 min(s), 47 sec(s) ago)
(RTTNews) - Retail sales in the U.S. continued to decline in the month of December, according to a ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Business Inventories Increase In Line With Estimates In November

01/15/2021 - 10:45 AM (RTTNews)
(RTTNews) - Business inventories in the U.S. increased in line with economist estimates in the mon ...Full Story>>

Bank Of Italy Sees 3.5% GDP Growth This Year

01/15/2021 - 10:30 AM (RTTNews)
(RTTNews) - The Italian economy is set to expand this year and next, but will return to pre-pandem ...Full Story>>

UK Economy To Log Negative Growth In Q1: NIESR

01/15/2021 - 10:19 AM (RTTNews)
(RTTNews) - The UK economy is set to log negative growth in the first three months of this year, ...Full Story>>

U.S. Consumer Sentiment Dips More Than Expected In January

01/15/2021 - 10:12 AM (RTTNews)
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed a modest dete ...Full Story>>

U.S. Industrial Production Jumps Much More Than Expected In December

01/15/2021 - 09:55 AM (RTTNews)
(RTTNews) - The Federal Reserve released a report on Friday showing U.S. industrial production jum ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.