The IHS Markit South Africa Purchasing Managers’ Index (PMI) fell below the neutral 50 point territory in December to 48.4, from 51.7 in November, which signalled a modest decline in business conditions that was broadly comparable with the strike-hit period in October, although firms predict a recovery in output over 2022. South African companies saw a renewed downturn in activity during December, the data showed, as concerns about the rapid increase in Covid-19 cases from the Omicron variant and tightened travel measures hit overall demand.
from Engineering News | Home https://ift.tt/3eShzz6
