50-point level

PMI and its sub-components improved in July but sustainability is in question

The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) measured 52.1 index points in July 2019, up from 46.2 index points in June 2019. This is the first reading above the neutral 50-point mark since December 2018. “The improvement is well-supported by the underlying sub-components, with four of the major five sub-components coming in above the neutral […]

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Manufacturing sector struggles to gain momentum as load shedding bites

  The purchasing managers index (PMI), which measures activity in SA’s manufacturing sector, improved marginally in March, but remained at levels that suggest output was weak and that SA’s manufacturing sector is struggling to gain momentum. The index rose to 47.9 in March from 47.6 in February. A below-50 reading suggests manufacturing activity is contracting.

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PMI lifted by normal manufacturing levels, but index remains below 50

  The South African Purchasing Managers’ Index (PMI) rose by 3.1 index points to 49.0 in August 2014. “The improvement in the August PMI signalled a return to more normal manufacturing output levels following months of production disruptions owed to industrial action in the platinum mining and metal sectors,” commented Abdul Davids, Head of Research

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SA’s PMI decline contrasts trading-partner PMI increase

  The South African Purchasing Managers’ Index (PMI) declined by 2.9 index points to 47.4 in April, owing to a broad range of PMI subcomponents losing ground. The April reading, a level last seen in July 2011, suggests renewed pressure in the local factory sector, said Andre Coetzee, Managing Director of CIPS Africa. “The level

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