Activity in South Africa’s private sector rose in December, bolstered by higher output and new orders, a survey showed on Thursday.
The Standard Bank Purchasing Managers’ Index (PMI), compiled by Markit, rose to 51.6 from 50.8 in November, remaining above the 50 mark dividing expansion from contraction.
“The overall upturn was bolstered by faster expansions of output and new work in December. Both rose to the greatest extent in 21 months, with anecdotal evidence highlighting a general improvement in client demand,” Markit said.
“That said, growth of total new work was dampened by falling exports. The amount of new orders from abroad dropped for the second straight month, despite reports of orders from Russia and some African economies.”
South African companies have struggled to stay viable as the economy struggles, with the Treasury forecasting growth of 0.5 percent for 2015.
Source: Reuters
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi
The economic crisis and hardship in Nigeria are parts of the discussion.
Watch, leave your comments, and share to create more awareness on this issue.
#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com