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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