The Kagiso PMI falls below 50

18 January 2012

The seasonally adjusted Kagiso PMI lost some ground in December 2011, falling by 2.2 index points to below the key 50 mark at 49.4. Abdul Davids, the Head of Research at Kagiso Asset Management, commented that ‘the December pullback followed three consecutive months (September to November 2011) of (marginally) above 50 readings'. The seasonally adjusted new sales orders index experienced a decline of 2.9 index points to 48.3

Download: kagiso_pmi_december_2011.pdf