{"id":12029,"date":"2012-07-02T12:10:46","date_gmt":"2012-07-02T10:10:46","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/s-africa-pmi-drops-to-48-2-in-june-dampens-gdp-outlook\/"},"modified":"2012-07-02T12:10:46","modified_gmt":"2012-07-02T10:10:46","slug":"s-africa-pmi-drops-to-48-2-in-june-dampens-gdp-outlook","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-pmi-drops-to-48-2-in-june-dampens-gdp-outlook\/","title":{"rendered":"S.Africa PMI drops to 48.2 in June, dampens GDP outlook"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, July 2<\/span>(Reuters) &#8211; South Africa&#8217;s seasonally<br \/>\nadjusted Purchasing Managers&#8217; Index fell to 48.2 in June from<br \/>\n53.6 in May, dropping into contraction territory for the first<br \/>\ntime since December and dampening the outlook for overall<br \/>\neconomic growth in the second quarter.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The PMI, a key measure of manufacturing activity, was at its<br \/>\nlowest level since August 2011, with most of the sub-indices<br \/>\nrecording significant declines, sponsor Kagiso Tiso Holdings<br \/>\nsaid in a statement on Monday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;In addition to weaker external demand, the latest figures<br \/>\nindicate a sustained and worsening slowdown in domestic demand<br \/>\nas the New Sales Orders Index, the largest weighted sub-index,<br \/>\nfell by 5.2 points to reach a level of 46.5,&#8221; said Abdul Davids,<br \/>\nHead of Research at Kagiso Asset Management.<\/p>\n<p><span><\/span><\/p>\n<p>The weak PMI suggests domestic growth slowed in the second<br \/>\nquarter of 2012 and backs the case for monetary loosening later<br \/>\nthis year. Factory output contributes about 15 percent to gross<br \/>\ndomestic product.<\/p>\n<p> (Reporting by Stella Mapenzauswa; Editing by Xola Potelwa)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG, July 2(Reuters) &#8211; South Africa&#8217;s seasonally adjusted Purchasing Managers&#8217; Index fell to 48.2 in June from 53.6 in May, dropping into contraction territory for the first time since December and dampening the outlook for overall economic growth in the second quarter. The PMI, a key measure of manufacturing activity, was at its lowest level [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12029","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12029"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12029\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}