Only dead fish go with the flow
26 June 2017 05:45 (South Africa)

PMI declines to 48.4 points

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

The Kagiso Purchasing Managers' Index fell to 48.8 points for June - its lowest level since October 2009. A reading above 50 represents expansion, while below 50 signals contraction. Analysts suggest that employee absenteeism during the World Cup is part of the reason for the unexpected drop. Read more: Times Live

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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