A cooling of price pressures was counteracted by supply-chain disruptions due to the port crisis.
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Private sector economic activity contracted for a third consecutive month in May, a survey showed on Monday.
South Africa’s seasonally adjusted Absa Purchasing Managers’ Index expanded in June as an easing of coronavirus restrictions lifted business activity and sales.
Operating conditions at South African private sector businesses improved for the first time in a year during May, mainly driven by a return to new order growth and renewed job creation. However, output continued to decline and companies
The latest Standard Bank South Africa Purchasing Managers’ Index paints a bleak picture of the South African economy, signalling the most marked deterioration in operating conditions in over one-and-a-half years. The Standard Bank survey produced by