South African private sector activity fell at its fastest rate in ten months in July as output tumbled in the wake of civil unrest in some parts of the country and tighter coronavirus lockdown restrictions, a survey showed on Wednesday. IHS Markit's Purchasing Managers' Index (PMI) fell to 46.1 in July from 51.0 in June, dropping below the 50-point mark that separates expansion from contraction for the first time since September 2020.
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