JOHANNESBURG (Reuters) – South Africa‘s seasonally adjusted Purchasing Managers‘ Index (PMI) was at 49.1, below the key 50 mark that distinguishes contraction from expansion for the fifth straight month in January.
The employment component of the index fell to its lowest since the middle of 2011, signaling bleak prospects for job creation in manufacturing, a sector that contributes about 15 percent of GDP to Africa’s biggest economy.
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S.Africa’s PMI at 49.1 in January
