South Africa’s manufacturing PMI dropped back to 45.4 in May, dampening hopes of a recovery after a weak Q1. The fall in the prices sub-component supports our view that the South African Reserve Bank will cut interest rates, perhaps as soon as July.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services