South African factory activity contracts in September- Absa PMI.

South African manufacturing activity contracted in September as extensive power cuts weighed on production and new sales orders declined, a survey showed on Monday. The seasonally-adjusted Absa Purchasing Managers' Index (PMI) was at 48.2 points in September from 52.1 points in August, falling below the 50-point mark that separates expansion from contraction. <a href="https://kaya959.co.za">Kaya 959</a>