SA PMI bottoming out?

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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 […]

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Slowdown in SA credit and money supply

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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 […]

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