Business conditions fall further in March as demand falters
The latest S&P Global SA PMI data signals a full quarter of contraction in SA’s private sector economy
03 April 2025 - 10:20
SA’s private sector ended the first quarter of 2025 on weaker footing with business conditions deteriorating for a fourth consecutive month, according to the latest S&P Global SA purchasing managers index (PMI).
This comes as output and sales declined, with businesses highlighting further weakness in demand amid uncertainty in the economic outlook leading to sustained cuts in staffing and purchases, the ratings agency stated in its report...
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