# The Absa purchasing managers’ index shows South Africa’s manufacturing sector slipping back into contraction in October. The index dropped to 49.2 points from 50.8 in September, with both business activity and new sales orders falling below growth levels. Exports remain weak, and employment has stayed low, reflecting cautious hiring. Bureau for Economic Research economists warn that slow domestic and global demand is keeping manufacturers under pressure, with expectations for the next six months hitting their lowest level this year.
Absa purchasing managers’ index falls to 49.2 points in October