{"id":1673183,"date":"2022-10-05T04:35:07","date_gmt":"2022-10-05T08:35:07","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1673183"},"modified":"2022-10-05T04:35:34","modified_gmt":"2022-10-05T08:35:34","slug":"s-african-business-activity-contracts-in-sept-pmi","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/s-african-business-activity-contracts-in-sept-pmi\/","title":{"rendered":"S.African business activity contracts in Sept -PMI"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fs-african-business-activity-contracts-in-sept-pmi%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1673183&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) \u2013     South African private sector activity contracted in September as increased power cuts led to steep falls in output and new orders, a survey showed on Wednesday.<\/p>\n<p>S&#038;P Global\u2019s South Africa purchasing managers\u2019 index (PMI) fell to 49.2 in September from 51.7 in August. Readings below 50 indicate a contraction in activity.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Rates of decline for both output and sales were the sharpest recorded in 2022 so far.<\/p>\n<p>\u00a0\u00a0\u00a0 \u201cOutput and new business fell at their quickest speeds since last December, as both businesses and consumers reined in spending due to load shedding (power cuts) and the cost-of-living crisis,\u201d said David Owen, economist at S&#038;P Global Market Intelligence.<\/p>\n<p>\u00a0\u00a0\u00a0 However, Owen said there were signs inflationary pressures were easing on the back of lower commodity prices.<\/p>\n<p>\u00a0\u00a0\u00a0 Power cuts have reached record levels this year in South Africa, as state utility Eskom\u2019s inefficient coal-fired power stations have suffered repeated breakdowns.<\/p>\n<p> (Reporting by Bhargav Acharya and Alexander Winning; Editing by Susan Fenton)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/s-african-business-activity-contracts\/attachment\/the-hillbrow-tower-an-iconic-tower-used-to-identify-the\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI940BJ-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI940BJ-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 South African private sector activity contracted in September as increased power cuts led to steep falls in output and new orders, a survey showed on Wednesday. S&#038;P Global\u2019s<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1673183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1673183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1673183"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1673183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1673183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1673183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1673183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}