07 September 2026 1 min
S&P Global - South Africa PMI ticks up to 50.5 in August, signalling slight private-sector expansion
Written by: BizCommunity Editor Save to Instapaper
Source: Reuters.
- 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.
Total Words: 136
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