Andre Coetzee - Kagiso Securities, PMI

Manufacturing sector data out across the globe this morning shows more strong growth in many regions, with China's Purchasing Managers Index hitting a record high of 57.4. India's PMI is at its highest in one and a half years. And here in South Africa, the manufacturing sector had its third month of expansion last month, rising to 53.6. This is the sixth increase in a row and of course the PMI rose above the 50 breakeven level last November. Here to take us through the data is Andre Coetzee, head of fixed income and currency futures at Kagiso Securities.