• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

SA factory orders decline

Apr 02 2012 11:09
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.



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
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote