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PMI increase suggests improving manufacturing conditions – Kagiso

The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) increased for the second consecutive month in February, rising to 53.6 – above the key 50-point mark for the first time since August 2012. Kagiso Asset Management research head Abdul Davids pointed out that the headline PMI was largely driven by improvements in the new sales orders index, which was up by 9.3 points, and the business activity index, which improved by 2.6 points.

Authors: Dubai Engineering Jobs Admin

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