https://newsletter.en.creamermedia.com
Africa|Business|Service
Africa|Business|Service
africa|business|service

South Africa business activity contracts again in January, PMI shows

Rand currency

Photo by Reuters

5th February 2025

By: Reuters

  

Font size: - +

South African private sector activity contracted sharply in January as output fell due to lower sales, a survey showed on Wednesday.

The S&P Global South Africa Purchasing Managers' Index (PMI) fell to 47.4 in January from 49.9 in December, its lowest since July 2021. A reading above 50 shows growth.

"New orders dropped solidly, leading to a marked cutback in output, with weakness especially observed among service sector businesses," said David Owen, senior economist at S&P Global Market Intelligence.

The findings suggest companies struggled to win back customers at the start of the year, which could affect growth in the first quarter, Owen said.

Despite the downturn, the survey showed domestic supply chains improved, with some respondents suggesting that the drop-off in demand provided vendors with additional capacity and eased bottlenecks.

Edited by Reuters

Comments

Showroom

John Ratcliffe
John Ratcliffe

At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.131 0.224s - 190pq - 2rq
Subscribe Now