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South Africa: Absa PMI dips in October as steel strike, load shedding dent sentiment

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Nov 2, 2021

The Absa Purchasing Managers’ Index stumbled again in October, declining to 53.6 from a downwardly revised 54.7 in September. This suggests a faltering start to the fourth quarter (Q4) of 2021, a period in which the economy is expected to be rebounding from a probable contraction in the previous quarter. 

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