Business conditions in private sector hit 11-month high
And despite the PMI remaining negative, when comparing it with historical growth trends, it indicates a rise in quarterly GDP, one economist says
Conditions in the private sector improved in September to the best levels in almost a year, as lockdown restrictions eased.
The latest IHS Markit SA purchasing managers’ index (PMI), an economy wide gauge of business conditions, reached 49.4 index points, its highest level since October 2019. ..