{"id":38523,"date":"2026-07-01T14:03:59","date_gmt":"2026-07-01T12:03:59","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=38523"},"modified":"2026-07-01T14:03:59","modified_gmt":"2026-07-01T12:03:59","slug":"sa-manufacturing-sentiment-worsens-in-june-absa-pmi","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sa-manufacturing-sentiment-worsens-in-june-absa-pmi\/","title":{"rendered":"SA manufacturing sentiment worsens in June: Absa PMI"},"content":{"rendered":"<p>South African (SA) manufacturing sentiment deteriorated in June as weaker demand weighed on \u200bnew orders, though lower oil prices boosted \u200cconfidence about future business conditions, a purchasing managers&#8217; index (PMI) survey showed this Wednesday.<\/p>\n<p>The seasonally adjusted PMI \u200bsponsored by SA bank Absa fell \u200bto 47.3 points from 50.8 in May.<br \/>\nA \u2060reading below 50 indicates a deterioration in \u200boverall business conditions for manufacturers.<\/p>\n<p>Absa said the \u200bsurvey was conducted after the United States and Iran agreed an interim deal to end hostilities and reopen the Strait \u200bof Hormuz, which brought down global energy \u200bprices.<\/p>\n<p>A sharp fall in the PMI component on purchasing \u200cprices &#8220;suggests \u2060that April and May may have marked the peak of price pressures,&#8221; particularly following fuel price cuts that took effect on Wednesday.<\/p>\n<p>Some respondents \u200bsaid clients \u200bwere postponing \u2060purchases in anticipation of lower prices, contributing to a drop in \u200bnew orders, Absa said.<\/p>\n<p>A sub-index tracking \u200bexpected \u2060business conditions in six months climbed, reflecting optimism the Iran war could end. But some respondents \u2060flagged nationwide \u200banti-migrant protests on June \u200b30 as a concern, preventing a stronger improvement in the \u200bfactory mood.<\/p>\n<p>\u2014Reuters\u2014<\/p>\n","protected":false},"featured_media":13155,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-38523","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Some respondents \u200bsaid clients \u200bwere postponing \u2060purchases in anticipation of lower prices, contributing to a drop in \u200bnew orders, Absa said.","published_date":"","news_description":"Some respondents \u200bsaid clients \u200bwere postponing \u2060purchases in anticipation of lower prices, contributing to a drop in \u200bnew orders, Absa said.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38523\/revisions"}],"predecessor-version":[{"id":38524,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38523\/revisions\/38524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13155"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=38523"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=38523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}