Monday, 03 October 2011

The seasonally adjusted Kagiso Purchasing Managers Index showed a "more optimistic picture" in September. The PMI, an indicator of performance in the manufacturing sector, increased by four points in September to 50.7 index points, according to a report released by Kagiso Asset Management on Monday.

"The PMI recovery in September is against the global trend with initial indications that the Euro-land PMI declined further below 50 to levels around 48 during September," Kagiso's research head Abdul Davids said.

Read the article here... http://www.sagoodnews.co.za/economy/managers_index_shows_optimistic_picture_.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+SAGoodNews+%28SA+The+Good+News%29

Source: SA - the Good News via SAPA