IHS Markit PMI shows contraction in private sector activity
Businesses were hampered by a faster drop in new orders and a fourth month of declining export sales in May, says IHS Markit
05 June 2019 - 10:17
The government will struggle to reignite growth this year, with private sector business declining in May, as new orders fell at their quickest pace in six months, IHS Markit said on Wednesday.
The economic and financial analysis group’s SA purchasing managers index (PMI) fell to 49.3 index points in May, a decline from April’s 50.3 points...
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