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Private sector activity contracts further in November

According to the PMI index published Tuesday by the S cabinet.

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Private sector activity contracts further in November

According to the PMI index published Tuesday by the S cabinet

In September, the index reached a nearly three-year low of 44.1. This is the sixth consecutive month of contraction in private activity, according to this indicator. The data from this survey highlighted, according to S

Private sector companies have also reduced their workforce, causing employment to decline for the first time in three years in the face of weak demand. In services, the indicator improved slightly compared to the previous month, to 45.4 against 45.2, but remains clearly in contraction. “The companies surveyed frequently attributed the drop in activity levels to unfavorable market conditions and the impact of customer reluctance on the level of their sales,” underline S

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