Private-sector business conditions slumped in May
The latest IHS Markit SA purchasing managers’ index hit new lows in May, despite SA’s move to level 4 lockdown restrictions
03 June 2020 - 12:13
Private-sector business activity fell to its worst level in May despite a partial easing of Covid-19 lockdown restrictions.
The latest IHS Markit SA purchasing managers’ index (PMI), an economy-wide gauge of business conditions, fell to a record low of 32.5 index points in May, its third consecutive month of declines. It was down from April’s reading of 35.1 — the previous record low in the series, which began in July 2011. ..
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