The Kagiso Purchasing Managers’ Index (PMI) declined for the fourth consecutive month in July, hitting a two-year low. The PMI fell by 9.7 points to 44.2 points last month, which is significantly below the global PMI level. While the magnitude of the decline of the seasonally adjusted PMI is surprising, it can be explained to […]
Strike action accelerates PMI plunge – hits two-year low Read More »
The seasonally adjusted Kagiso PMI declined for a third consecutive month in June, and at 53.9 index points reached the worst level so far in 2011. Although the level of the index suggests that the manufacturing sector is expanding, it also signals a moderation in the sector’s growth momentum. The recent trend for the SA
PMI declines for third consecutive month – tracks lower global factory sector Read More »
The seasonally adjusted Kagiso PMI remained at a relatively high level of 55.1 index points for the second consecutive month during May. While the index has softened somewhat since hitting a peak of 57.2 in March, the May level still suggests solid growth momentum in the factory sector, the group’s website reports. In terms of
May PMI maintains strong showing Read More »
The seasonally adjusted Kagiso PMI stabilized at a fairly high level of 56.4 during April, only marginally lower than the 13-month peak of 57.2 index points reached in March, reports the organisation’s website.
April PMI just misses March high Read More »
The seasonally adjusted Kagiso PMI put in a strong performance during March, rising to a 13-month high of 57.2 index points, the Kagiso website reports. The most positive feature of the March numbers is that after rising to just above the key 50 point level in the first two months of 2011, the seasonally adjusted
March PMI rises to 13-month high Read More »
The seasonally adjusted Kagiso PMI stabilized at a reasonably high level in February, reaching 54.8 index points, reports the Kagiso website. The most heartening trend in the latest numbers is that the PMI employment index rose back above the key 50 mark to 51.6, indicating that the factory sector may have started employing again. The
February PMI improves marginally Read More »
The seasonally adjusted Kagiso PMI posted solid gains in January, gaining 2.9 index points to reach 54.6 – the highest level since April 2010. The improved reading provides further evidence that the PMI decline to below 50 in September / October 2010 was largely the outcome of temporary (strike related) factors, reports the Kagiso website.
2.9 % rise for January PMI Read More »
The seasonally adjusted Kagiso PMI remained in positive territory during December 2010, albeit that the index declined marginally to 51.7 index points from the 52.9 recorded in November, reports the Kagiso website. The seasonally adjusted business activity index, which posted a robust gain of 6.1 index points during November, remained largely unchanged at 54.5 in
December PMI remains positive, but declines from November Read More »
The business activity index, which already moved higher in October following strike-induced declines during August and September, posted a robust gain of 6.1 index points to reach 54.8 in November. One has to go back to 2010Q1 to find the index at a higher level. reports the Kagiso website. New sales orders also continued to
52.9 – Kagiso PMI for November 2010 bounces back Read More »
After falling below the key 50 mark in September, the seasonally adjusted Kagiso PMI rose back towards the neutral level during October to reach 49.8 index points, reports the Kagiso website. With the exception of the employment subcomponent (which declined further below 50), the other major PMI components all posted gains in October. Perhaps most
October PMI – Rises back towards neutral level Read More »
