The South African Purchasing Managers’ Index (PMI) dropped by 1.4 index points to 50.3 in March, mainly driven by a decline in the New Sales Orders Index, which tumbled to a level equal to August 2006. The March New Sales Orders Index fell by 6.8 index points to 46.6 from 53.4 in February. “This […]
PMI drop points to flat Q1 factory output Read More »
The South African Purchasing Managers’ Index (PMI) increased by 1.8 index points to 51.7 in February, helped by a rebound in the New Sales Orders Index. Worryingly, the Business Activity index remained stuck below the 50-point mark for a third consecutive month, said Head of Research at Kagiso Asset Management, Abdul Davids. At 48.4
SA PMI inches higher, but activity still restrained Read More »
The seasonally adjusted Kagiso Purchasing Managers’ Index™ (PMI™) remained unchanged at 49.9 index points in January 2014. The fact that the PMI was just below the neutral 50-point mark suggests that the factory sector experienced a slow start to the new year, said Abdul Davids, Head of Research at Kagiso Asset Management. January’s Business
PMI off to slow start for 2014 – retrenchments hit 10-yr high Read More »
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) declined by 2.5 index points to reach 49.9 in December. Having edged below the neutral 50-point mark for the first time since April 2013, South Africa’s PMI™ is below its main trading partners. “Activity in the Eurozone rose at its fastest pace in two and a half
PMI declines to a level below trading partners Read More »
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
PMI points to improving conditions in manufacturing sector Read More »
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) recovered some lost ground in October, increasing to 50.7 index points from a revised 50 points in September. Despite the improvement, the index remained below the average reading of 52.7 noted during the third quarter of 2013. The modest increase was expected, says Abdul Davids, Head
PMI inches up as output and demand regain some losses Read More »
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) declined steeply by 7.4 points to 49.1 in September, reversing the gains made over the last few months, said Abdul Davids, Head of Research at Kagiso Asset Management. The index is now below the key 50-point mark for the first time since March 2013 and is
PMI declines as manufacturing recovery suffers major setback Read More »
The seasonally adjusted Kagiso purchasing managers index (PMI) added 4.3 index points to hit a higher-than-expected 56.5 in August. The latest figure is the index’s highest level since August 2007, before the recession hit, said Abdul Davids, head of research at Kagiso Asset Management. The index has now been above the key 50-point mark
August PMI at six-year high Read More »
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) increased marginally by 0.6 points to 52.2 in July, remaining above the key 50-point mark for the fourth consecutive month. The local PMI is now in line with trends in the Eurozone and US, where recent flash PMI data have been improving to above the key
PMI suggests improving but tough operating environment Read More »
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) increased by 1.2 points to 51.6 in June. The index has now been above the key 50-point mark for three consecutive months. There was a modest improvement across all the major sub-indices, except the employment sub-index, which continued to decline, said Abdul Davids, Head of Research at
PMI improves, but manufacturing conditions remain tough Read More »
