South African Private Sector Returns to Growth in March
South Africa's PMI rose to 50.8 in March as hiring and output growth offset falling exports. Business confidence hit a multi-year low due to the war in Iran.
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The private sector in South Africa returned to expansionary territory in March, as a surge in output and hiring helped mitigate the impact of falling export orders and dampened business sentiment linked to the conflict involving the United States, Israel, and Iran.
