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INVESTEC MANAGERS INDEX DECLINES IN FEBRUARY.
The seasonally adjusted Investec Purchasing Managers Index (PMI) declined by two index points to 53,8 in February, after the sharp overstated decline in January, it was announced on Friday. Portfolio manager at Investec Asset Management, John Stopford said while the figure remained above the critical level of 50 -- which indicates that the net majority of respondents reported an improvement in activity in February -- it suggested that the growth tempo in the sector has receded compared to the robust final quarter of last year. He said it was unlikely that the 5,6 percent annualised real growth rate in manufacturing gross domestic product in the fourth quarter of last year would be sustained over the near-term, as the latest PMI evidence suggested that temporary factors played a significant role in the buoyancy in domestic demand in the fourth quarter. Stopford said the domestic market faced key near-term risks related to the rand's plunge. These include the end of pre-emptive buying, price hikes, higher interest rates and fears of further hikes. "We do not foresee a sustained downturn, but expect the improvement in manufacturing activity to remain hesitant during the first half ...
- PURCHASING MANAGERS INDEX DECLINED TO 53.2 IN JANUARY
- Newspaper article from: The Journal Record February 7, 1989 700+ words
...Association of Purchasing Management, which tracks the economy through its monthly survey of its members, said its Purchasing Managers Index dropped sharply last month, to 53.2 from 57.3. The January level was the lowest for the index in two years. Despite...
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- Magazine article from: Home Textiles Today Hogsett, Don November 18, 2002 700+ words
...Management's (ISM) monthly Purchasing Managers' Index (PMI) slipped to 48.5 percent...recap showed that the Backlog of Orders Index declined for a fourth straight month and the...dock strike, "October's Imports Index declined after 10 consecutive months of growth...
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- Magazine article from: Metal Center News May 1, 2003 700+ words
...month, according to the Institute for Supply Management's most recent Report On Business. ISM's Purchasing Managers Index declined to 46.2 percent in March, down 4.3 points from February's 50.5 percent. A reading below 50 percent...
- Riverside, Calif., area Purchasing Managers Index numbers are positive.
- Newspaper article from: Knight Ridder/Tribune Business News July 2, 2004 700+ words
...Mitchell said, a sign of an improving economy. The Purchasing Managers Index for Riverside and San Bernardino counties, which is used...over the last few months," the report said. The national index declined slightly from 62.8 in May to 61.1 in June. "For us...
- Drop in Chicago Purchasing Managers Index Contributes to Stock Sell-Off.
- Newspaper article from: Chicago Tribune (Chicago, Illinois) (via Knight-Ridder/Tribune Business News) October 1, 2002 700+ words
...smokestack industries may be sliding back into recession. For the first time since January, the Chicago Purchasing Managers index declined to a level that indicates contraction in regional manufacturing. For several months, production rates in the...
- In Brief: Chicago PMI Index Declined in June.
- Magazine article from: The Bond Buyer July 3, 2006 700+ words
The Chicago Purchasing Managers' Index fell to 56.5% in June from 61.5% in May, the Purchasing...to 50.4% in June from 52.8% in May; the new orders index declined to 57.2% from 69.6%; and the supplier deliveries index...
- CHINA SEPT PURCHASING MANAGERS INDEX ENDS 2-MONTH DECLINE.
- News wire article from: AsiaPulse News October 9, 2008 700+ words
BEIJING, Oct 9 Asia Pulse - China's purchasing managers index (PMI) for September rose to 51.2 from 48.4 for...50 and is contracting when it falls below 50. The index declined to 48.4 for July, the first time to fall below...
- Canadian Forex/Bond Review: C$ Strengthens.
- News wire article from: Resource News International October 1, 2003 700+ words
...eased somewhat when the Arizona-based Institute for Supply Management released its purchasing managers' index. The closely watched index declined to 53.7 in September from August's 54.7. A reading above 50 indicates growth in the sector...
