South African private sector activity expands slightly in August, PMI shows
Tweet
Share
E-mail
A traffic congestion during the morning peak hour as motorists drive towards the city of Johannesburg, South Africa, July 23, 2026. Picture taken through a car window. REUTERS/Siphiwe Sibeko
JOHANNESBURG, Sept 3 (Reuters) - South African private sector activity expanded slightly in August as higher new orders supported output and purchasing, a business survey showed on Thursday.
• The S&P Global South Africa Purchasing Managers' Index (PMI) rose to 50.5 in August from 50.3 in July.
• The 50 mark separates growth from contraction.
• New orders increased marginally, with surveyed businesses reporting larger orders, successful tenders and rising sales as customer finances improved.
• Output expanded for a second month and at the strongest pace since April. Purchasing activity also rose at the quickest rate since March, helping lift input stocks at the fastest pace in four months.
• Export sales were only just in positive territory and hit a three-month low, the survey showed.
• "Survey comments suggest that business expectations also rely on a recovery of both domestic and external economic conditions, implying the path to stronger growth remains unclear," said S&P Global Market Intelligence Senior Economist David Owen.
(Reporting by Johannesburg bureau; Editing by Hugh Lawson)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Reform UK gets 75% of its donations from crypto entreprenneur pardoned by Trump
- Autonomous trucking software firm PlusAI to go public in $800 million SPAC deal
- Can sheep save the glaciers? Swiss scientists put wool to the test
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
