Private sector business conditions little changed in December

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The latest IHS Markit SA PMI shows output was broadly stable, but fears of further Covid-19 restrictions weighed heavily

SA’s private sector business activity was largely stable in December, with business confidence under some pressure from Covid-19, which is also disrupting supply chains, a survey showed on Wednesday.

The PMI gives insight into private sector business performance, through a survey of about 400 private sector companies. A reading of more than 50 shows overall improvement in the sector, with the figure derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases.

“Notably, business confidence was hit by firms’ concerns that a sharp rise in Covid-19 cases could lead to a second wave of restrictions,” he said. There were reports that firms were hindered by shortages of a range of raw materials, largely due to Covid-19 and its effect on global supply chains. Shortages of inputs also affect companies’ buying decisions in December, the statement said, and purchasing activity declined for the first time since August.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Private sector business conditions little changed in DecemberThe latest IHS Markit SA PMI shows output was broadly stable, but fears of further Covid-19 restrictions weighed heavily
Source: BDliveSA - 🏆 12. / 63 Read more »