The seasonally adjusted Kagiso Purchasing Managers Index (PMI) gained 2.8 index points in July to reach a level of 51, after having contracted to below the key 50-point level in June. The local manufacturing sector remains under strain owing to lower demand from our key export markets, said Abdul Davids, Head of Research at Kagiso […]
PMI recovers, but SA manufacturing sector remains weak Read More »
The seasonally adjusted Kagiso Purchasing Managers Index (PMI) declined by 5.4 index points in June, with most of the sub-indices declining significantly declines. At 48.2, the Index is at its most depressed level since August 2011. This moderation in manufacturing production has dampened the outlook for overall GDP growth in the second quarter of 2012.
PMI declines sharply and ends in contraction Read More »
The seasonally adjusted Kagiso Purchasing Managers Index (PMI) remained relatively stable at 53.6 in May 2012 compared to 53.7 in the previous month. However, despite the largely unchanged headline reading, some significant developments were seen within a number of the main PMI sub-components, said Abdul Davids, Head of Research at Kagiso Asset Management. A key
PMI stabilises as underlying indicators show mixed results Read More »
The seasonally adjusted Kagiso PMI gave back some ground in March, but at 55.1 remained at a level in line with robust manufacturing sector production growth. The PMI averaged 55.4 during 2012Q1, a strong increase from the 50.5 average recorded in the final quarter of 2011. “The higher level of the PMI should be consistent
March PMI loses some gains, but remains healthy Read More »
The seasonally adjusted Kagiso Purchasing Managers Index (PMI) posted strong gains in February 2012, rising by 4.7 index points to reach a sturdy 57.9 – the highest level since February 2010. At the current level, the domestic PMI is pointing to significantly stronger domestic factory sector trends than would have been expected given the depressed
PMI continues strong gains in February Read More »
Recovering from a weak December level, the seasonally adjusted Kagiso Purchasing Managers Index (PMI) rose strongly to 53.2 in January. The index rose 3.8 points to its highest level since June 2011 and above the 2011 average of 52.1. Although the move higher for the domestic PMI is in line with the January flash estimates
PMI recovers on back of strong sales Read More »
The Kagiso PMI picked up some momentum in November, rising by 1.1 index points to 51.6. November was the fourth consecutive month of gains for the PMI, but the index remains below the level of 54.2 reached before the widespread factory sector strikes in July. However, the increases of recent months mean that after averaging
PMI continues recovery – manufacturing likely to add to Q4 GDP growth Read More »
The seasonally adjusted Kagiso PMI remained largely unchanged in October, rising marginally to 50.5 from a downwardly revised 50.2 during September, reports the Kagiso website. Abdul Davids, the Head of Research at Kagiso Asset Management, said that ‘for the last two months, the PMI has suggested stagnant month-on-month factory sector output’. A positive development was
PMI suggests stagnant factory sector output Read More »
The seasonally adjusted Kagiso purchasing managers index (PMI) recorded a second consecutive monthly increase during September, gaining four points to move back above the key 50-index point mark to 50.7, the Kagiso website reports. The PMI recovery in September was against the global trend with initial indications that the eurozone PMI declined further below 50
September PMI climbs above 50-index points Read More »
The seasonally adjusted Kagiso PMI increased by 2.5 points to 46.7 index points during August, but remained below the key 50 point mark for the second month in a row, the Kagiso website reports. The business activity index, which plunged by more than 19 points in July, recovered by 10.7 points to 46.6 during August,
PMI increases, but remains below 50 Read More »
