Financial News: South African Private Sector Logs Marginal Expansion

South African Private Sector Logs Marginal Expansion

09/03/2025 - 06:32:00 (RTTNews)

(RTTNews) - South Africa's private sector activity signaled weaker growth in August while experiencing softer cost pressures, survey results from S&P Global showed Wednesday.

The purchasing managers' index dropped to 50.1 in August from 50.3 in July. However, a score above 50.0 indicates expansion.

Among components, output increased for the first time in three months amid improving demand and the initiation of new projects.

Order book volumes increased in August, which was more evident in the domestic market as international sales fell for the fifth successive month due to challenging trading conditions, particularly with US clients due to higher tariffs.

The overall slight expansion in activity was supported by a moderation in input price inflation, which fell to a 10-month low amid a slight improvement in the rand's value against the US dollar. Meanwhile, selling price inflation was largely unchanged.

The survey revealed that there was a decline in manufacturing employment and an improvement in supply chains.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Govt Has Started To Fire Federal Workers (06 hr(s), 36 min(s), 59 sec(s) ago)
(RTTNews) - The U.S. government has started to layoff federal employees, the Office of Management ...Full Story»

U.S. Consumer Sentiment Virtually Unchanged In October (12 hr(s), 10 min(s), 59 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed its reading on U.S. c ...Full Story»

Latvia Trade Deficit Narrows In August (12 hr(s), 52 min(s), 59 sec(s) ago)
(RTTNews) - Latvia's foreign trade deficit decreased in August from a year ago, as exports gre ...Full Story»

Turkey Retail Sales Growth Eases To 12.2% (13 hr(s), 09 min(s), 59 sec(s) ago)
(RTTNews) - Turkey's retail sales growth moderated for the third straight month in August, tho ...Full Story»

Slovakia Industrial Output Shrinks Most In 17 Months (13 hr(s), 30 min(s), 59 sec(s) ago)
(RTTNews) - Slovakia's industrial production decreased at the steepest pace in nearly one-and- ...Full Story»

Swiss Consumers Less Pessimistic In September (14 hr(s), 24 min(s), 59 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained slightly less negative in September, survey ...Full Story»

Portugal Inflation Confirmed At 2.4% (15 hr(s), 17 min(s), 59 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation eased as initially estimated in September to t ...Full Story»

Romania Q2 GDP Growth Unrevised At 0.3% (16 hr(s), 15 min(s), 59 sec(s) ago)
(RTTNews) - Romania's economic growth held steady in the second quarter, confirming the previo ...Full Story»