South Africa’s Purchasing Manager’s Index (PMI) rose to 50.5 index points in March 2016. This is the first time since July 2015 that the index managed to edge above the neutral 50-point mark, signalling a possible expansion in the sector. While the improvement in March is encouraging, the average reading for Q1 2016 (47) is …
Activity in the manufacturing sector picked up momentum in November as business activity and new sales orders have risen ahead of the festive period. The SA purchasing managers index (PMI), which gauges activity in manufacturing, rose to 53.3 in November from 50.1 in October. A PMI reading above 50 suggests expansion in activity. The …
PMI – Manufacturing gaining traction as conditions normalise Read More »
