Economy & Tax

Period of OCR stability now needed

Staying the course – PMI

The manufacturing sector remains in expansion mode, despite some aspects of the results that need to be watched closely in the months ahead, with a seasonally adjusted PMI for June at 53.3.

Period of OCR stability now needed

Middling May – PMI

Although still in positive territory, a second consecutive slowdown in expansion meant the manufacturing sector was at similar levels last seen over a year ago, with a seasonally adjusted PMI for May at 52.7.