PURCHASING MANAGERS’ INDEX
Business activity shifts into growth mode — at last
New business expanded for the first time in 28 months as customer demand improved after the easing of Covid-19 restrictions
04 November 2020 - 11:40
Business conditions in the private sector moved into positive territory for the first time in more than a year in October, as an easing of lockdown restrictions supported a recovery in activity, according to the latest IHS Markit SA purchasing managers’ index (PMI).
The economy-wide gauge of business conditions rose to 51 index points in October from 49.4 in September, the first time it has edged above the neutral mark since April 2019...
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