South Africa's private sector activity expanded at the fastest pace in just over one year in June, underpinned by strengthening client demand, rising employment and renewed stockpiling despite woes of inflationary pressures amid a surge in global fuel prices and supply-side challenges.
The Purchasing Managers' Index, or PMI, rose to 52.5 in June from 50.7 in May, survey results published by S&P Global showed on Tuesday. A reading above 50 indicates expansion in the sector.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.