NGE - Tide Of Rising Prices Stems Economic Recovery In Sub-Saharan Africa
- The S&P Global Sub-Saharan Africa PMI posted at 52.3 in March, remaining above the 50.0 neutral mark.
- The gap between output and orders was the largest seen for five months and reflected the trend seen throughout much of 2021 during the worst of the pandemic-led supply chain crisis.
- The rate of input cost inflation was also marked and close to a record high, building on already-severe price increases seen during the latter stages of the pandemic.
- While the Future Output Index slipped for the second month in a row from January's post-pandemic high in March, it was still largely in line with the upward trend seen since the middle of 2020.
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Tide Of Rising Prices Stems Economic Recovery In Sub-Saharan Africa