South Africa's private sector logged a marginal downturn in May, led by renewed falls in output and new orders amid inflationary pressures caused by the Middle East war, survey results from S&P Global showed Wednesday.
The purchasing managers' index for the private sector economy dropped to 49.6 in May from 51.6 in April. A score above 50.0 indicates expansion, while any reading below 50 suggests contraction.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.