South Africa PMI
We are pleased to be working with Kagiso and BER (Bureau for Economic Research – University of Stellenbosch) in relation to the South Africa Purchasing Managers' Index (PMI).
All three organisations are of strong professional standing and have created a strategic alliance to support the professional procurement community in South Africa.
The aim of the Purchasing Managers' Index is to measure the following economic indicators:
- Business activity
- New sales orders
- Backlog of sales orders
- Inventories
- Purchasing commitments
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- Expected business conditions
- Suppliers performance
- Prices
- Employment
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The Purchasing Managers' Index is published on the first day of the month with economic commentary provided by Kagiso.
CIPS Southern Africa's MD Andre Coetzee comments on August's PMI.
PMI suggests that factory output expanded in August, albeit only marginally
The seasonally adjusted Kagiso PMI (South African PMI) moved back into expansionary territory during August to reach 50.3 index points. The rise above the critical 50 mark followed two consecutive months where the PMI suggested that the manufacturing sector was contracting. André Coetzee Managing Director of CIPS Southern Africa said that, ” Despite the move above 50, the average PMI for the first two months of 2010Q3 was 49.9 versus an average of 51.6 for Q2. The current evidence hints that growth in the manufacturing sector may have moderated further in the third quarter, which does not bode well for overall GDP growth in the second half of 2010.” The manufacturing sector is the second largest sector in the South African economy.
For a more detailed commentary...
If you as a purchasing professional wish to be included in the panel research each month, do not hesitate to contact info@cips.org.za and we will be pleased to pass on your information to BER for you to be added to the panel. We will need your name, organisation, email and postal address and telephone numbers.
Related link
UK Purchasing Manager's index (PMI)
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