Afrique du Sud PMI manufacturier

South Africa’s seasonally adjusted Absa Purchasing Managers’ Index (PMI) fell to 49.2 in October 2025 from 50.8 in the previous month, indicating that the country’s factory activity has returned to contraction. The business activity sub-index dropped by 5 points to 49.4 in October. “Business confidence remains low as the sector continues to navigate external trade constraints, supply-side uncertainty, and cost volatility,” Absa said. Signs of caution persisted as the sub-index tracking expected business conditions in six months declined by over 3 points to 46.1. Meanwhile, the South African government is seeking to persuade US President Donald Trump to reduce the 30% tariff imposed on South African exports to the US in August, but no progress has been made so far.