SA's HSBC PMI at 50.3 in JanuaryComment on this story
Johannesburg - South Africa's seasonally-adjusted HSBC Purchasing Managers' Index slipped further in January to 50.3 from 50.5 in December, just managing to stay within expansionary territory as the economy starts the year in a fragile state.
“This month's reading illustrates that the economy faces an uncomfortable combination of weak growth and upside price pressures,” said HSBC economist David Faulkner.
This was the weakest reading of the index since September 2013, when it was at 49.8. - Reuters