PMI

Purchasing Managers’ Index

Absa Purchasing Managers’ Index (PMI) April 2024

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) improved in April, following a dip below the neutral 50-point mark in March. The headline PMI rose to 54 in April from 49.2 points in March. The rebound comes from improved business activity, while better domestic demand filtered through to higher new sales orders. A full month […]

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February PMI

Absa Purchasing Managers’ Index (PMI) February 2024

Following a very poor start to the year, the Absa Purchasing Managers’ Index (PMI) improved in February. The headline PMI rose from 43.6 to 51.7 points. While this is a welcome increase, it does need to be qualified by saying that business activity remains more subdued. Indeed, of the five subcomponents of the PMI only suppliers’ performance is

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PMI 2018

Absa Purchasing Managers’ Index (PMI) January 2024

The Absa Purchasing Managers’ Index (PMI) reflects a very poor start to the year for the local manufacturing sector. The headline index declined to 43.6 index points in January 2024, down from 50.9 in December. Worryingly, the decline came on the back of a sharp deterioration in demand and activity. Outside of the global financial crisis in

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PMI November

Absa Purchasing Managers’ Index (PMI) November 2023

The Absa Purchasing Managers’ Index (PMI) rose by 2.8 index points to 48.2 in November. This was the first increase following two months of a decline in the headline index, although the index failed to return to positive terrain. Indeed, the business activity and new sales orders indices both still point to declining activity and demand, albeit at

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Absa Purchasing Managers' Index PMI October 2022

Absa Purchasing Managers’ Index October 2023

After ending the third quarter on a downbeat note, the Absa Purchasing Managers’ Index (PMI) also had a poor start to the fourth quarter. The headline index dropped further to 45.4 index points in October, from an upwardly revised 46.21 during September. In terms of the major subindices of the headline PMI, the biggest drag

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Absa Purchasing Managers' Index (PMI) September 2022

Absa Purchasing Managers’ Index (PMI) September 2023

Conditions in the SA manufacturing sector deteriorated at the end of the third quarter. This is according to the seasonally adjusted Absa Purchasing Managers’ Index (PMI), which declined by 4.3 points in September to 45.4. The soft reading for the headline PMI was driven by very weak demand and constrained production. In terms of the former, September saw

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PMI July 2022

Absa Purchasing Managers’ Index (PMI) July 2023

After what looks to have been a decent second quarter, at least in terms of quarterly growth momentum, the manufacturing sector had a setback at the start of the third quarter. This is the message from the latest seasonally adjusted Absa Purchasing Managers’ Index (PMI). Although the headline index was only marginally lower in July at 47.3

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February PMI

Absa Purchasing Managers’ Index (PMI) June 2023

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined by 1.6 index points to 47.6 in June 2023. This is the lowest level since mid-2021. For the first time since 2018, all five subcomponents used to calculate the headline PMI were below the neutral 50-point level, pointing to a worsening of business conditions in the

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