PMI

After declining to 49.3 in March, the seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) increased by 1.2 points to 50.5 in April. “The PMI for April show marginal improvements amid challenging conditions and the outlook for the sector is relatively more positive,” says Abdul Davids, Head of Research at Kagiso Asset Management. The improvement is

The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) posted a robust increase in February, moving above the key 50 point mark for the first time since August 2012.  Registering its second consecutive increase, the index rose 4.5 points to 53.6. A continuation of the upward trend in March will bode well for actual manufacturing production

Despite an increase of 1.7 points to 49.1 in January, the Seasonally Adjusted Kagiso Purchasing Manager’s Index (PMI) remained below the important 50-point mark for the fifth month in a row.  This suggests that growth in the manufacturing sector continues to be subpar. The marginal rise in the headline PMI masked sharp movements in the

The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) lost 2.1 points in December, falling to 47.4. Despite advancing towards the key 50-point mark in November, the December decline marks the fourth consecutive month of contraction, a trend last observed during the 2008/2009 recession. The decline in the PMI is largely due to the fact that

  The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) reached a level of 49.5 in November, suggesting sentiment and production improved after most of the workers who had participated in wildcat strikes in August and September returned to work. However, the index remains below the important 50-point level that marks the difference between a contraction

The PMI declined by another 1.2 points to 47.1 in October, from an upwardly revised 48.3 during September, to reach the worst level since July 2011. After rising to 51.1 during July 2012, the seasonally adjusted Kagiso PMI has now declined for three consecutive months. The index averaged just above 50 in Q3 and the

The PMI’s decline to a level similar to September 2009 indicates that the manufacturing sector is under pressure from falling demand in export markets, said Andre Coetzee, MD of the Chartered Institute of Purchasing and Supply (CIPS) Africa. Released on Monday, the seasonally adjusted Kagiso purchasing managers index (PMI) fell four index points in September

The seasonally adjusted Kagiso Purchasing Managers Index (PMI) lost a marginal 0.8 index points in August and is now at a level of 50.2. This places the average PMI reading for the first two months of the third quarter at 50.6, which is lower than the average levels achieved the first (55.4) and second quarters