March PMI retreats – stronger rand affecting competitiveness of local goods in international markets
The seasonally adjusted Purchasing Managers’ Index (PMI) retreated below the neutral 50-point mark in March after encouraging improvements during the first two months of 2018. The index shed 3.9 points to reach a level of 46.9 in March, off of February’s 50.8 points. The key drivers behind the fall in the headline PMI were sharp […]
