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PMI falls to 48,2 - its lowest level since August 2011

According to reports from Business Live, Fin24, Business Day and BER, South Africa's purchasing managers' index (PMI) fell by 5,4 points to just 48,2 in June - its lowest level since August last year - as new sales and business activity plunged. The PMI is regarded as a reliable 'health gauge' for the economy's manufacturing sector.

5 Jul 2012

Abdul Davids, research head at Kagiso Tiso Holdings, which sponsors the index, says that the moderation in manufacturing production has dampened the outlook for South Africa's overall gross domestic product, report Business Live, Fin24, Business Day and BER.

For more:

Business Live: PMI plunge points to lower GDP growth
Fin24: PMI drops, dampening GDP outlook
Business Day: SA factories in trouble again as PMI drops below 50
BER: PMI

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