South Africa Private Sector Downturn Deepens đ
South Africa's manufacturing sector continued to contract in March 2025, with weak demand, declining output, and job cuts, despite some positive signs in export orders and easing input price inflation.
Weak manufacturing PMI signals economic challenges, potentially impacting emerging markets and global economic sentiment with moderate portfolio relevance
South Africa Factory Activity Shrinks for 5th Month: Absa âšī¸
South Africa's Purchasing Managers' Index (PMI) improved to 48.7 in March 2025, showing a less severe economic contraction with export sales contributing to demand recovery.
Limited global market implications, minor signal of potential economic stabilization in emerging markets
South Africa Trade Balance Swings to Surplus âšī¸
South Africa recorded a significant trade surplus of ZAR 20.9 billion in February 2025, with exports increasing by 10.4% and imports declining by 13.5% across multiple categories.
Limited direct impact on global portfolio due to minor exposure to emerging markets and no specific South African holdings