• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

SA factory orders decline

Apr 02 2012 11:09 Reuters

Related Articles

SA factory orders rebound

SA factory orders contract

SA factories pick up pace

SA factory orders edge up

Faltering factories stir recession fears

SA factories enjoy jump in orders

 
Johannesburg - South Africa’s seasonally adjusted purchasing managers’ index (PMI) fell to 55.1 in March from a two-year high of 57.9 in February as business activity and new sales orders declined, sponsors Kagiso Asset Management said on Monday.

The business activity index made the largest negative contribution, giving up 7.4 points to 57.8 while new sales orders were down 5.1 points at 59.7, Kagiso said.

“Although remaining at a favourable level, the forward-looking indicators of the PMI also pointed to a somewhat less optimistic outlook,” said Hugo Pienaar, senior economist at the Bureau of Economic Research, which compiles the PMI.

The PMI, a key pointer to manufacturing activity, suggests the second-largest contributor to South Africa’s gross domestic product is still struggling despite recent signs the economy is slowly recovering from a recession in 2009.
pmi
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

The rich will pay - Mpofu

The EFF in Gauteng will focus all its energy on improving the lives of the poor, the party's premier candidate Dali Mpofu says.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...