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SA Private Sector Grows for Second Month
5 Aug
Summary
- Private sector expanded for a second straight month in July.
- Weaker employment growth slightly tempered expansion pace.
- Renewed stock drawdowns offset a return to output growth.
South Africa's private sector economy experienced expansion for the second consecutive month in July. The pace of this growth, however, was slightly moderated.
This slowdown was primarily driven by a weakening in employment growth during the month. Additionally, businesses saw renewed stock drawdowns.
These factors offset a positive development: a return to output growth within the private sector. The overall trend indicates a continued, albeit slightly tempered, recovery in business activity.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
