Private sector at lowest ebb since July 2023
SA businesses suffered a fresh setback in March with new business volumes declining at the sharpest rate in more than two years
04 April 2024 - 12:01
UPDATED 04 April 2024 - 23:00
Demand levels in SA’s private sector continued to worsen in March as a result of stronger price pressures, load-shedding, drought conditions and wider economic uncertainty, a survey has found.
The S&P Global SA purchasing managers’ index (PMI) released on Thursday fell to 48.4 in March, down from 50.8 in February. The index is in contractionary territory below the 50-point neutral mark, indicating a slight decline in the private sector’s performance for the second month running...
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