South Africa’s private sector maintained its growth trajectory in October, bolstered by a decline in costs and selling prices.
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Business activity contracted further in July as rising prices and weak business confidence weighed on demand.
Activity in South Africa’s private sector contracted for the fourth consecutive month in June.
Private sector economic activity contracted for a third consecutive month in May, a survey showed on Monday.
Business output fell for the third straight month, weighed down by rotational power cuts and port strikes.
South African private sector activity rose slightly in January as the Omicron wave of Covid-19 cases receded, lifting demand and stabilising new business.