Africa PMI figures reveal growth concerns - Africa Markets Insider report.

As inflationary pressures continue unabated across the continent, businesses must contend with higher input costs. The latest PMI data shows that business conditions have deteriorated throughout the continent in May, with output falling and general demand waning. PMI is below the 50 mark in most markets, barring Nigeria and Mozambique. However, these markets still show strong demand despite prices edging higher.