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Purchasing Managers Index rebounds

By Prieur du Plessis, on May 7th, 2008 posted in: South Africa

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By Andre Roux

The seasonally adjusted Investec PMI increased to 54.1 in April, after dropping to 43.7 in March. The rebound may be largely ascribed to the unusual timing of Easter during 2008. This would have artificially depressed the March reading while explaining a concomitant sharp increase in April. It is therefore [...]

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