By Reuters
South Africa’s private sector showed signs of stabilisation in April, emerging from a four-month downturn as sales picked up slightly and supply chains strengthened, a survey showed on Tuesday.
The S&P Global South Africa Purchasing Managers’ Index (PMI) rose to 50.0 in April, up from 48.3 in March. A PMI reading above 50 indicates growth, while below 50 points to a contraction.
This marks the first time since November 2024 that the index has reached the neutral mark, signalling a mild recovery in business conditions.
New orders, output and employment all moved into growth territory, albeit at a modest pace. New orders increased for the first time in five months, driven by larger client orders and successful marketing campaigns, although economic uncertainty continued to weigh on customer spending.
Supply chains improved notably, with suppliers’ delivery times shortening for the first time since June 2023, aided by eased port
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
