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South African rand flat before manufacturing PMI, vehicle sales - REUTERS

APRIL 02, 2024

JOHANNESBURG, April 2 (Reuters) - The South African rand was unchanged in early trade on Tuesday before the release of a purchasing managers' index (PMI) survey for the local manufacturing sector and vehicle sales figures.

At 0615 GMT, the rand traded at 18.9400 against the dollar , the same as its previous closing level.

The Absa PMI for March is set to be released at 0900 GMT, shedding light on manufacturing conditions in Africa's most industrialised economy.
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March vehicle sales (ZAVEHY=ECI) will be published around 1200 GMT, giving a snapshot of consumer demand for big-ticket items.

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Reporting by Alexander Winning; Editing by Andrew Heavens


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