50 point mark

PMI hit on several fronts by 3rd wave, harsher lockdown, looting and (possibly) Transnet cyber-attack

The Purchasing Managers’ Index (PMI) plunged in July, signalling that the output recovery in the manufacturing sector was set back notably at the start of Q3. From an elevated 57.4 in June, the headline PMI suffered a record single-month decline of almost 14 points. It dropped to 43.5 in July, which is well below the […]

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PMI continues its decline to 2009 financial-crisis levels

The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) declined for a fourth consecutive month to reach 44.3 points in February 2020. The 0.9-point decline brought the index to its lowest level since the second half of 2009 when the economy started to recover from a deep recession triggered by the global financial crisis. “At four points

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Sharp fall in PMI possibly reflects bleak sentiments around land debate

The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) declined to 43.4 points in August from 51.5 points recorded in July. August’s level is the lowest recorded in more than a year. Overall, the average level of the PMI recorded during the first two months of Q3 of 2018 was 47.5, which is below the neutral 50-point

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June PMI ticked up, but solid manufacturing growth remains unlikely

  The SA Purchasing Managers’ Index (PMI) ticked up by 0.6 index points to reach 51.4 in June 2015. The increase brings the average for Q2 to 49.2 index points, slightly below the average of 49.9 recorded in Q1. This suggests that the manufacturing sector remained under pressure and that a solid recovery in quarterly

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SA’s manufacturing activity deteriorates to four-year lows

  The Kagiso purchasing managers index (PMI), which gauges activity in manufacturing, fell to 45.4 in April from 47.9 in March. A below-50 reading suggests activity is contracting. The index has been below 50 for three consecutive months. Weak manufacturing output does not bode well for economic growth. The fall in the PMI was mainly

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