{"id":5591,"date":"2021-03-03T19:41:51","date_gmt":"2021-03-03T19:41:51","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=5591"},"modified":"2021-03-03T18:16:03","modified_gmt":"2021-03-03T18:16:03","slug":"sas-factory-activity-slows-in-february-pmi","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-factory-activity-slows-in-february-pmi","title":{"rendered":"SA&#8217;s factory activity slows in February -PMI"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/south-africa\">South-Africa<\/a>. <\/strong><\/span>JOHANNESBURG &#8211; The private sector activity expanded again in February but at a slightly slower pace than the previous month, with new orders remaining flat while optimism was lifted by Covid-19 vaccine rollouts, a survey showed on Wednesday.<\/p>\n<p>IHS Markit\u2019s Purchasing Managers\u2019 Index (PMI) slipped to 50.2 in February from 50.8 in January, above the 50 level that denotes expansion for the fifth month in a row.<\/p>\n<p>The new orders sub-index remained static for the third consecutive month, just below the expansion level. Output also slipped, while employment hit a four-month low as businesses looked to lower input costs and draw down inventories.<\/p>\n<p>\u201cThe slowdown resulted in larger cuts to staffing and inventories as businesses looked to remove excess capacity and offset rising cost pressures,\u201d said IHS Markit economist David Owen.<\/p>\n<p>\u201cHowever, this could further depress sales, particularly as several firms commented that job losses were contributing to lower domestic demand. Vaccines could provide a ray of light and encourage greater business investment, but for now, economic growth remains mild.\u201d<\/p>\n<p>On Sunday, South Africa signed an agreement with Johnson &amp; Johnson to secure 11 million Covid-19 vaccine doses, while easing lockdown restrictions as new cases declined.<\/p>\n<p>The second phase of the country\u2019s vaccination programme,which includes the elderly, essential workers and those withco-morbidities, is set start around late April or early May.<\/p>\n<p><b>REUTERS<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. JOHANNESBURG &#8211; The private sector activity expanded again in February but at a slightly slower pace than the previous month, with new orders remaining flat while optimism was lifted by Covid-19 vaccine rollouts, a survey showed on Wednesday. IHS Markit\u2019s Purchasing Managers\u2019 Index (PMI) slipped to 50.2 in February from 50.8 in [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":5590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,12],"tags":[274,315,275],"class_list":["post-5591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SA&#039;s factory activity slows in February -PMI - South Africa<\/title>\n<meta name=\"description\" content=\"JOHANNESBURG - The private sector activity expanded again in February but at a slightly slower pace than the previous mo ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sas-factory-activity-slows-in-february-pmi\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SA&#039;s factory activity slows in February -PMI\" \/>\n<meta property=\"og:description\" content=\"JOHANNESBURG - 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