SA PMI shows modest increase

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By André Coetzee, Kagiso Securities.

The seasonally adjusted Kagiso  PMI  improved slightly in May,  posting an increase to  37.3 index points œ the first rise  since  January 2009. The average PMI for the first two months of 2009Q2 is 36.5 versus a Q1 average of 38.6.

Steady  increases  (albeit  from  very  […]

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“Less bad” PMI good for equity returns

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This post discusses an interesting study by Goldman Sachs on the relationship between the manufacturing PMI and stock market returns. “… the strongest part of the typical bull market is during the phase when economic and profit growth is still negative, but the deterioration is slowing,” said the report. […]

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Prieur’s readings

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This post provides links to some interesting articles I have read over the past few days that you may also enjoy. […]

More on this topic (What's this?) Read more on European Union at Wikinvest
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The last GM dealership

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There was no shortage of GM cartoons over the past few days. […]

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