South Africa Private Sector Stays in Contraction
South Africa private sector remained in contraction during October due to weak demand and higher fuel costs. Business confidence dropped to its lowest level since August 2020 amid ongoing port disruptions.
Xurve View
Insights:
Xurve View
South Africa's private sector stayed mired in contraction during October, holding at 49.0 as weak demand and supply bottlenecks weighed on output. The reading remains below the 50-point threshold that separates growth from contraction. Investors face mounting headwinds across the region as business sentiment hits a four-year low.
