S&P Global SA PMI hits second-lowest level in two years
The index fell for a fifth straight month as weak confidence and capacity constraints weighed on overall demand
03 August 2023 - 16:56
The S&P Global SA purchasing managers index (PMI) edged down in July, reaching its second-lowest level in exactly two years, suggesting the private sector remained stuck in a downturn that may prove difficult to escape.
The PMI, released on Thursday, fell to 48.2 in July from 48.7 in the previous month and in line with market forecasts...
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