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"The improvement in manufacturing sector conditions may be related to continuing strong domestic demand and the recent depreciation of the exchange rate," said André Roux, head of fixed income at Investec Asset Management.
The current condition of the SA macro economy – based on the Buro of Economic Result (BER) surveys, is, according to George Kershoff, deputy director of the BER, looking rosy.
Karen Smith, economist at Absa Group reports that the release of April’s inflation data saw CPIX inflation remaining within the target range for the 12th consecutive month.
According to the Nedbank Group Economic Unit, it provided a spirited defence of the Bank’s view of inflation and inflation targeting, highlighting the major influences and providing a fan diagram with the Bank’s two-year CPIX forecast.
The strongest deterrent against FSP compliance missteps is or should be: