Archive for October 1st, 2008

Daily Archive
Wednesday, October 1st, 2008

SA PMI bottoming out?


By Mokgatla Madisha
The seasonally adjusted Investec PMI level remained unchanged at 47 index points in September. Although business activity and new sales orders remained under pressure, the results reaffirmed some of the positive trends that emerged in the August release.
These include the continuation of the deceleration in input cost inflation, with the PMI price index [...]

No Comments » - Posted in South Africa by Prieur du Plessis
Wednesday, October 1st, 2008

Slowdown in SA credit and money supply


By Kevin Lings
SA credit and money supply growth slowed noticeably in August – very encouraging from a monetary policy perspective. Credit growth is expected to slow substantially into 2009.
In August 2008, SA growth in broad money supply (M3) was recorded at a much more encouraging 15.4% y/y, down from 18.5% y/y in July and 20.3% [...]

No Comments » - Posted in South Africa by Prieur du Plessis