South Africa’s factory sentiment falls to its lowest level in seven months, according to survey data cited by financial outlets. The manufacturing sentiment gauge declines to 46.8 in July, down from 47.3 in the prior month. The deterioration is linked to concerns that escalating hostilities in the Middle East could disrupt demand and economic conditions for manufacturers. While the latest figure marks a clear step down from the previous month, it reflects a broader shift in business expectations rather than a single company-specific development. The news reports attribute the decline to heightened uncertainty and potential knock-on effects on trade, spending, and production plans. Overall, the data indicates that manufacturing businesses grow more cautious heading into the coming months, with geopolitical risks playing a key role in shaping sentiment.
South Africa factory sentiment drops to seven-month low amid war fears
South Africa’s factory sentiment falls to its lowest level in seven months, according to survey data cited by financial outlets. The manufacturing sentiment gauge declines to 46.8 in July, down from 4...
- South Africa’s manufacturing sentiment gauge falls to 46.8 in July.
- The July reading is the lowest in seven months.
- The index declines from 47.3 in the previous month.
- Reports link the drop to fears that escalating Middle East hostilities could affect demand.
- The change reflects weaker business expectations in manufacturing.
A gauge measuring South African manufacturer sentiment slumped to the lowest level in seven months over concerns that escalating hostilities in the Middle East could impact demand.
2 hours agoFell to 46.8 in July from 47.3 a month earlier.
5 hours ago
England FA to withdraw support as Wales becomes first to pull backing for Infantino
Wales becomes the first national football association to publicly withdraw support for FIFA president Gianni Infantino’s...
Hungary shuts sole nuclear plant after Danube water levels fall during heatwave
Hungary shuts down its only nuclear power plant, the Paks facility, for the first time on Sunday after record-low water...
Trump says new talks with Iran will begin Monday after he called off planned strikes
US President Donald Trump says negotiations with Iran will begin Monday afternoon after he called off a planned set of s...