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South Africa factory mood deteriorates further in August, Absa PMI signals slump

South Africa manufacturing sentiment deteriorated further in August as business activity slumped, according to an Absa purchasing managers' index (PMI) survey, signaling a weak start to the second half.

South Africa's manufacturing sentiment deteriorated further in August as business activity slumped, a purchasing managers' index (PMI) survey showed on Tuesday, signalling a weak start to the second half of the year.