Business activity grew in January as Omicron wave receded

Private-sector activity rose slightly in SA in January as the Omicron wave of Covid-19 cases receded, lifting demand and stabilising new business, a survey showed on Thursday.

“The latest PMI data suggested an improvement in demand conditions in SA during January, as the Omicron wave of Covid-19 receded and clients began to spend again,” said David Owen, economist at IHS Markit. Looking ahead, Owen added that business optimism was strengthened by hopes that the economy will cope well with any future waves of the pandemic, particularly as hospitalisations and deaths were much lower with the Omicron variant in spite of minimal government measures.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business activity grew in January as Omicron wave recededIHS Markit’s PMI rose to 50.9 in January, slightly back above the 50 neutral mark into expansionary territory I'm sharing this because this’s exactly how I saw so many posts about Alfred Wakeford and how he’s helping individuals with their BITCOIN/FOREX trades and luckily for me I’m getting my profits of $17,950 the fourth time Contact him now to get started Alfredwakeford1
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Google Shakes Off Omicron With Shopping Ads and Cloud RevenueGoogle parent Alphabet Inc. posted fourth-quarter sales and profit that topped analysts’ projections, showing the resilience of its advertising business in the face of major economic upheaval as the pandemic persists. The shares soared in late trading.
Source: dailymaverick - 🏆 3. / 84 Read more »

US private hiring slumps in ominous labour market signUS private companies shed jobs last month for the first time since December 2020 as the Omicron coronavirus variant again complicated business.
Source: eNCA - 🏆 49. / 51 Read more »