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.

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