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Absa PMI plunges to a 14-month low but is expected to rebound

Absa PMI plunges to a 14-month low but is expected to rebound
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South Africa , Eastern Cape , South African , Kamilla Kaplan , Miyelani Maluleke , Absa Purchasing Manufacturers Index , கிழக்கு கேப் , கமிலா கபிலன் ,

Private-sector credit remains constricted


Private-sector credit remains constricted
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GROWTH in private-sector loans remained in contractionary territory for the fourth consecutive month in June as corporates reduced taking credit on Covid-19 induced activity.
Data from the SA Reserve Bank (Sarb) yesterday showed private sector credit fell by 0.5 percent year-on-year in June, following a 0.42 percent decline in May.
This decline in private sector credit extension was worse than expected as it missed the market consensus of a 0.4 percent gain.
The Sarb said the decline was primarily due to corporate credit, which has been subdued, recording no monthly growth for the third consecutive month in June. ....

South Africa , South African , Nicky Weimar , Kamilla Kaplan , Sa Reserve Bank Sarb , நிக்கி வீமர் , கமிலா கபிலன் , ச இருப்பு வங்கி ஸார்ப் ,