{"id":50048,"date":"2026-11-05T10:21:00","date_gmt":"2026-11-05T08:21:00","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=50048"},"modified":"2026-11-05T10:21:00","modified_gmt":"2026-11-05T08:21:00","slug":"sas-private-sector-stays-mired-in-contraction-pmi-shows","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sas-private-sector-stays-mired-in-contraction-pmi-shows\/","title":{"rendered":"SA&#8217;s private sector stays mired in contraction: PMI shows"},"content":{"rendered":"<div id=\"x_divRplyFwdMsg\">\n<div aria-hidden=\"true\" data-olk-copy-source=\"MessageBody\">South Africa&#8217;s (SA) private sector remained stuck in contraction in October as weak demand, \u200bhigher fuel costs and port and shipping \u200cdisruptions weighed on activity, a business survey showed this Thursday.<\/div>\n<\/div>\n<div><\/div>\n<div>The S&amp;P Global South Africa Purchasing Managers&#8217; Index (PMI) \u200bheld at 49.0 in October. The \u200b50-point mark separates growth from contraction<\/div>\n<div>&#8220;Perhaps the \u2060most concerning signal from the latest survey was \u200ba sharp drop in business confidence. Expectations for \u200bactivity over the next 12 months fell to their lowest since August 2020,&#8221; said David Owen, principal economist \u200bat S&amp;P Global Market Intelligence.<\/div>\n<div><\/div>\n<div>Output fell for \u200ba second straight month and at the fastest pace \u200csince \u2060December. New orders also declined again, though the contraction eased markedly from September, while export demand fell for the first time since May.<\/div>\n<div><\/div>\n<div>Cost \u200bpressures intensified \u200bas fuel \u2060prices pushed purchase price inflation to its highest since June. Firms often \u200bpassed those costs on, lifting output \u200bprice \u2060inflation to a four-month high, while supplier delays persisted amid hold-ups at the Port of Durban, Kwa Zulu Natal province.<\/div>\n<div><\/div>\n<div>Although \u2060firms \u200bstill expected output to rise \u200bover the coming year on average, sentiment weakened across all \u200bsectors.<\/div>\n<div><\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":32989,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-50048","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"The S&P Global South Africa Purchasing Managers' Index (PMI) \u200bheld at 49.0 in October.","published_date":"","news_description":"The S&P Global South Africa Purchasing Managers' Index (PMI) \u200bheld at 49.0 in October.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":2,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50048\/revisions"}],"predecessor-version":[{"id":50050,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50048\/revisions\/50050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/32989"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=50048"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=50048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}