JOHANNESBURG, March 1 (Reuters) – South Africa’s
Purchasing Managers’ Index jumped to a two-year high of 57.9 in
February from 53.2 in January, sponsors Kagiso Asset Management
said on Thursday.
The seasonally adjusted business activity and new sales
orders indices, which have the biggest weighting, drove the
robust increase in February.
New sales orders, a leading indicator, and expected business
conditions increased further, pointing to a supportive
environment for business in the next few months.
(Reporting by Xola Potelwa; Editing by Ed Cropley)
© Thomson Reuters 2012 All rights reserved
