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.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com