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Not the strongest of economic indicators, but worth noting nevertheless. Reports Fin24.com
The trade activity index‚ which indicates how businesses feel about current trading conditions‚ rose to 50 in August after falling to 45 in July‚ its lowest level since December.
The index was released by the South African Chamber of Commerce and Industry (Sacci) on Wednesday.
An index level of below 50 represents negative territory‚ while one above 50 is positive.
In July last year‚ the index stood at a low of 38 in a period marked by heightened and militant labour action.
Data releases continue to suggest the economy is not collapsing as the Reserve Bank predicted it will back in July.