FOREX TradingCharts.com

Financial News: S. Africa's Private Sector Continues To Contract

S. Africa's Private Sector Continues To Contract

11/03/2017 - 05:00:00 (RTTNews)

(RTTNews) - South Africa's private sector continued to contract in October, data from Standard Bank and IHS Markit showed Friday.

The Purchasing Managers' Index rose to 49.6 in October from 48.5 in September. However, a score below 50 indicates contraction.

This marked the third consecutive month of declining business conditions. However, the rate of deterioration eased from September.

"The decline in the PMI is likely to persist in the near term amid continued domestic political turmoil and a bleak fiscal and economic outlook reflected in the Medium Term Budget Policy Statement," Thanda Sithole, an economist at Standard Bank said.

Firms reported declines in both output and new orders, which reflected lower underlying demand and a challenging economic environment.

Meanwhile, after declining in September, workforce numbers expanded in October.

Inflationary pressures continued, with rising cost burdens causing companies to increase the prices of their products and services.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Leading Economic Index Jumps Much More Than Expected In October (06 hr(s), 0 min(s),54 sec(s) ago)
(RTTNews) - With the impact of recent hurricanes dissipating, the Conference Board released a repo ...Full Story»

ECB's Draghi Says October Decisions To Preserve Monetary Stimulus (06 hr(s), 33 min(s), 54 sec(s) ago)
(RTTNews) - Eurozone's economic recovery remains strong, but inflation is yet to show a sustai ...Full Story»

Australia's Christmas Spending Likely To Be Tepid (07 hr(s), 29 min(s), 54 sec(s) ago)
(RTTNews) - Despite a hotly retail high season, the early signs are not promising for Australia ...Full Story»

Eurozone Export Growth Likely To Accelerate In Coming Months (10 hr(s), 04 min(s), 54 sec(s) ago)
(RTTNews) - Growth in Eurozone export volumes may accelerate in the coming months despite the appr ...Full Story»

Major European-Based Companies Positive On Global Business Outlook (10 hr(s), 12 min(s), 54 sec(s) ago)
(RTTNews) - Major European-based companies were positive about the global business outlook, accord ...Full Story»

Australia's Wage Growth Set To Remain Weak (10 hr(s), 32 min(s), 54 sec(s) ago)
(RTTNews) - Australia's wage growth is likely to continue its slowing trend in the near term, ...Full Story»

Chile CB Unlikely To Loosen Policy In The Near Term (10 hr(s), 46 min(s), 54 sec(s) ago)
(RTTNews) - Chile's central bank is unlikely to loosen monetary policy over the next three to ...Full Story»

RBA's Kearns Says Impact Of Foreigners' Investment On Housing Cycle Unclear (10 hr(s), 59 min(s), 54 sec(s) ago)
(RTTNews) - Reserve Bank of Australia's Head of Financial Stability Jonathan Kearns, said purc ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Jumps Much More Than Expected In October

11/20/2017 - 10:12 AM (RTTNews)
(RTTNews) - With the impact of recent hurricanes dissipating, the Conference Board released a repo ...Full Story>>

ECB's Draghi Says October Decisions To Preserve Monetary Stimulus

11/20/2017 - 09:39 AM (RTTNews)
(RTTNews) - Eurozone's economic recovery remains strong, but inflation is yet to show a sustai ...Full Story>>

Australia's Christmas Spending Likely To Be Tepid

11/20/2017 - 08:43 AM (RTTNews)
(RTTNews) - Despite a hotly retail high season, the early signs are not promising for Australia ...Full Story>>

Eurozone Export Growth Likely To Accelerate In Coming Months

11/20/2017 - 06:08 AM (RTTNews)
(RTTNews) - Growth in Eurozone export volumes may accelerate in the coming months despite the appr ...Full Story>>

Major European-Based Companies Positive On Global Business Outlook

11/20/2017 - 06:00 AM (RTTNews)
(RTTNews) - Major European-based companies were positive about the global business outlook, accord ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.