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Managers index shows \"optimistic picture\"


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.

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Source: SA - the Good News via SAPA

Managers index shows \"optimistic picture\"

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