SA business activity improves slightly in April - index | Fin24
 
  • Credit Rating

    'I think Moody's will be happy' - President Ramaphosa says plan to deal with Eskom's debt is imminent.

  • 'No Basis in Fact'

    The PIC commission has slammed Iqbal Survé’s claims about Minister Pravin Gordhan.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

SA business activity improves slightly in April - index

May 06 2019 12:19
Lameez Omarjee, Fin24

South African business activity improved slightly in April, according to the latest Purchasing Manager's Index by IHS Markit. 

The PMI measures private sector business performance. It considers indicators such as new orders, output, employment, stocks of purchases and suppliers' delivery times. Figures above 50 reflect an improvement.

The index rose from 48.8 in March to 50.3 in April, only the second improvement in business conditions in 10 months.

According to the report, output levels and new orders recorded little change, which translated to only a slight improvement. 

David Owen, an economist at IHS Markit, said the lack of load shedding in April has been welcomed by business. "The latest PMI data showed activity stabilising in April. This helped push the headline reading back into growth territory for only the second time in 10 months," he said.

Owen noted that new orders did not rise, due to slow customer response rates. Customers, he said, are awaiting elections results vefore making commitments. 

Poor demand levels, meanwhile, meant that sellers and suppliers were forced to reduce prices in April, but business profit margins should not be affected, he said. 

"Some panellists hope for a pick-up after the election which, if it does appear, may be sorely needed," Owens said.

Find everything you need to know about the 2019 National and Provincial Government Elections at our News24 Elections site, including the latest news and detailed, interactive maps for how South Africa has voted over the past 3 elections. Make sure your News24 app is updated to access all our elections coverage in one place. 

,election 2019

business  |  pmi  |  sa economy  |  private sector  |  elections 2019
NEXT ON FIN24X

 
 
 
 

Company Snapshot

#MINIBUDGET2019

Struggling power utility Eskom will take centre stage at this year's mini budget
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote

Loading...