PMI Archives - Page 10 of 15 - Smart Procurement

January PMI may overstate improvement in the manufacturing sector

Slower December activity inches PMI down

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The South African Purchasing Managers’ Index (PMI) closed 2014 at a level marginally above the all-important 50-point mark despite declining by 3.3 index points to 50.2. During Q2 and Q3 2014 the PMI languished below 50 with an average of 48.2, but the average reading for Q4 2014 came in at 51.2 index points. “This

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PMI – Manufacturing gaining traction as conditions normalise

SA PMI rises for third consecutive month in October

SA PMI edges above the key 50 level

PMI lifted by normal manufacturing levels, but index remains below 50

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The South African Purchasing Managers’ Index (PMI) rose by 3.1 index points to 49.0 in August 2014. “The improvement in the August PMI signalled a return to more normal manufacturing output levels following months of production disruptions owed to industrial action in the platinum mining and metal sectors,” commented Abdul Davids, Head of Research

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PMI continues to signal manufacturing sector’s subpar performance

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The seasonally adjusted Kagiso Purchasing Managers’ Index™ (PMI™) fell to 45.9 index points in July from 46.6 in June. “The decline in July was expected given that the labour strike by the National Union of Metalworkers of South Africa (Numsa) lasted almost the full month and directly affected many manufacturing subsectors,” says Abdul Davids,

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PMI improves but local factory sector continues under pressure

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While South Africa’s PMI recovered slightly in June, edging up to 46.6 index points from 44.3 in May, the poor PMI readings for May and June suggest that actual factory output remained under pressure in Q2”, says Abdul Davids, Head of Research at Kagiso Asset Management, that compiles the index. The slight recovery was

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SA PMI continues partner-contrasting drop

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The South African PMI fell to 44.3 index points in May from 47.4 in April, dragged down by significant declines in the Business Activity and Employment indices, while demand also remained weak. The drop in the Business Activity Index, to 42.5 from 48.5, “puts the index firmly in contraction territory,” said Abdul Davids, Head

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SA’s PMI decline contrasts trading-partner PMI increase

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The South African Purchasing Managers’ Index (PMI) declined by 2.9 index points to 47.4 in April, owing to a broad range of PMI subcomponents losing ground. The April reading, a level last seen in July 2011, suggests renewed pressure in the local factory sector, said Andre Coetzee, Managing Director of CIPS Africa. “The level

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