South Africa August PMI Rises to 50.5
South African private sector activity expanded slightly in August. The S&P Global PMI rose to 50.5 from 50.3 in July, supported by higher new orders and output.
Insights:
South Africa's private sector activity expanded slightly in August as the PMI rose to 50.5 from 50.3 in July. The modest uptick broke above the 50 expansion threshold for the second consecutive month. Higher new orders drove the growth, lifting output and purchasing activity across the country.
