Tag Archives: Chartered Institute of Purchasing and Supply

The purchasing managers’ index: way more interesting than the Oscars

Last week’s post looked at a measurement of fear in the financial market. This week we’ll turn our attention to a broader measure of future economic prospects, the purchasing managers’ index (PMI). During its heydays in the 1960s, manufacturing accounted for a quarter of South Africa’s gross domestic product (GDP). The sector has since declined,…

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