South Africa Private Sector Contracts in September
South Africa's private sector contracted in September at the fastest pace since December as new orders fell sharply. Supply bottlenecks and fuel-driven cost pressures intensified across firms during the month.
Insights:
South Africa's private sector contracted in September at the fastest pace since December as new orders fell sharply. The S&P Global Purchasing Managers Index dropped to 49.0 from 50.5 in August, crossing below the 50-mark that separates growth from contraction. The downturn highlights persistent economic headwinds facing firms across the country.
