Health of private sector deteriorates as Standard Bank PMI falls below 50

Health of private sector deteriorates as Standard Bank PMI falls below 50
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Standard Bank South Africa’s Purchasing Managers Index (PMI) slipped into contractionary territory for the first time in six months in July, with the start of the third quarter signalling a deterioration in the health of the South African private sector.

The headline PMI fell from 50.9 in June to 49.3 in July, signalling an overall decline in business conditions in the South African private sector.



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