Private Sector Economic Activity Contracts in South Africa for Third Consecutive Month

Private Sector Economic Activity Contracts in South Africa for Third Consecutive Month.

Private sector economic activity in South Africa has contracted for the third month in a row, according to the latest survey from S&P Global.

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The survey reveals that customer demand dropped into negative territory in May, following a slight improvement in April.

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The S&P Global South Africa PMI survey highlights the ongoing challenges faced by the country’s private sector.

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