South African private sector activity expanded again in February but at a slightly slower pace than the previous month, with new orders remaining flat while optimism was lifted by Covid-19 vaccine rollouts, a survey showed on Wednesday. IHS Markit's Purchasing Managers' Index (PMI) slipped to 50.2 in February from 50.8 in January, above the 50 level that denotes expansion for the fifth month in a row.
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