PMI points to improving conditions in manufacturing sector
The seasonally adjusted Kagiso Purchasing Managers’ Index™ (PMI™) increased by 1.7 index points to reach 52.4 in November. This brings the average for the first two months of 4Q2013 to 51.6, said Abdul Davids, Head of Research at Kagiso Asset Management. PMI™ subcomponents indicate that manufacturing production in the final quarter of 2013 should […]
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