Tag Archives | PMI

Kagiso PMI rises to two year high

The seasonally adjusted Kagiso PMI posted strong gains in February 2012, rising by 4.7 index points to reach 57.9 – the highest level since February 2010. Abdul Davids, the Head of Research at Kagiso Asset Management, commented that, ‘the seasonally adjusted business activity and new sales orders indices drove the robust increase in the PMI.’ [...]

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Kagiso PMI declines to a two year low

The seasonally adjusted Kagiso PMI declined sharply by 9.7 points to a two-year low of 44.2 index points during July. Abdul Davids, the Head of Research at Kagiso Asset Management, commented that “the Kagiso PMI has been losing ground for the fourth consecutive month and declined to a level significantly below the latest readings on [...]

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Kagiso PMI for June moves lower to 53.9

The seasonally adjusted Kagiso PMI declined for a third consecutive month in June, and at 53.9 index points reached the lowest level so far in 2011.       Abdul Davids, the Head of Research at Kagiso Asset Management said that, ”Although the level of the index suggests that the manufacturing sector is expanding, it [...]

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Kagiso PMI for May remains relatively high

The seasonally adjusted Kagiso PMI remained at a relatively high level of 55.1 index points for the second consecutive month during May. Abdul Davids, the Head of Research at Kagiso Asset Management indicated that while the index has softened somewhat since hitting a peak of 57.2 in March, the May level still suggests solid growth [...]

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Kagiso PMI maintains high level

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.   “Both the current activity and forward looking indicators remained robust, suggesting that the improved growth momentum in the factory sector during 2011Q1 was sustained in [...]

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Kagiso PMI strengthens further

The seasonally adjusted Kagiso PMI put in a strong performance during March, rising to a 13-month high of 57.2 index points.   “Significantly, after rising to just above the key 50 point level in the first two months of 2011, the seasonally adjusted business activity index increased sharply from 51.6 to 59.7 points. This robust [...]

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