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New data S&P Global PMI (Jan)

2/5/2025

actual 47.4, previous 49.9

The event is the S&P Global PMI (Purchasing Managers' Index) for South Africa in January 2025. The actual PMI value reported is 47.4, which is lower than the previous value of 49.9. This indicates a decrease in economic activity in the manufacturing sector compared to the previous period. The estimated PMI value was 49.7, so the actual value fell short of expectations. The change in the PMI is -2.5 points, representing a 5.01% decrease from the previous value. This event is considered to have a low impact on the ZAR (South African Rand) currency.

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