The South African Purchasing Managers Index PMI® wrapped up the year on a weak note, with private sector firms reporting the first decline in business activity in four months.

S&P global's latest survey reveals that subdued demand led to stagnant sales growth and a slowdown in hiring.

The sector also faced rising inflationary pressures, with increased costs pushing firms to raise their selling prices.

As a result, the outlook for 2025 softened, with business confidence retreating from recent multi-year highs.

On a brighter side, however, supply chain pressures appeared to ease, prompting firms to increase their input purchases.

Channel Africa business reporter Innocent Semosa has more.

The South African Purchasing Managers Index PMI&reg; wrapped up the year on a weak note, with private sector firms reporting the first decline in business activity in four months.
S&amp;P global's latest survey reveals that subdued demand led to stagnant sales growth and a slowdown in hiring.
The sector also faced rising inflationary pressures, with increased costs pushing firms to raise their selling prices.
As a result, the outlook for 2025 softened, with business confidence retreating from recent multi-year highs.
On a brighter side, however, supply chain pressures appeared to ease, prompting firms to increase their input purchases.
Channel Africa business reporter Innocent Semosa has more.

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