South Africa's private sector activity signalled a slightly stronger growth in July, driven by greater sales and increased employment, survey results from S&P Global showed Tuesday.
The purchasing managers' index rose to 50.3 in July from 50.1 in June. Any score above 50.0 indicates expansion.
Among components, new orders and employment only contributed positively to the headline PMI. Domestic sales improved, while export demand fell for the fourth straight month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.