Manufacturing outlook turns corner as PMI shows expansion

Via IOL Business | 02 Feb 2012 - 05:00:00

The outlook for manufacturing has unexpectedly leapt into positive territory. Data out yesterday showed the seasonally adjusted Kagiso purchasing managers index (PMI) rebounded strongly to 53.2 last month from 49.4 in December. This is the highest level since June last year and above the 2011 average of 52.1. Source