PMI above neutral mark for eighth month

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Cape Town - In April the Standard Bank South Africa Purchasing Managers' Index (PMI) moved closer to 50.0, but remained above this neutral mark for the eighth month running in April.

According to the latest index report, this signals the longest sequence of overall improvement in operating conditions in over four years.

The survey is produced by Markit and has been conducted since July 2011. It provides an early indication of operating conditions in the country.

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