Purchasing managers’ index, seen as a health gauge for the South African manufacturing sector, surges by 4,7 points to 57,9 — its highest level since February 2010
MANUFACTURING activity in South Africa leaped to a two-year high last month, fuelling hopes that growth in the economy’s second-biggest sector is gathering momentum, a key survey showed on Thursday.
The purchasing managers’ index (PMI) surged by 4,7 points to 57,9 — its highest level since February 2010, said Kagiso Tiso Holdings, the survey’s sponsor. A value of 50 marks the cut-off point between expansion and contraction