Positive PMI Data

Some good news today for manufacturing. The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) increased by 4.3 points to 56.5 in August. The index is now at its highest level since August Moreover, the employment element of the index is also up, which suggests that more jobs are being created. ZA Confidential sought reaction from Mike Schussler, George Glynos and Mike Arnold from the Manufacturing Circle.

ZA Confidential is e-mailed to subscribers. For details on subscriptions, please contact zaconfidential@gmail.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s