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 […]
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to a solid 57.8 points in May 2021 from 56.2 in April. Four of the five subcomponents remained well above the neutral 50-point mark with only the employment index dipping back into negative terrain. In all, the average level of the PMI recorded in the first
PMI Q2 average higher than Q1 – manufacturing on track to record quarterly expansion Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) declined further to 50.3 index points in December 2020, down from 52.6 in November. This is the lowest level since July 2020. The reading just above 50 index points suggests that growth is levelling off in the manufacturing sector after solid month-on-month gains were recorded in the wake
PMI: December decline suggests manufacturing growth/recovery levelling off Read More »
The Absa Purchasing Managers’ Index (PMI) declined to 52.6 index points in November from the solid 60.9 points recorded in October. The decline comes after three consecutive upward moves and brings the index to the lowest level since July 2020. While still signalling an improvement in business conditions, the drop suggests that the manufacturing sector’s
PMI push eases in November – manufacturing recovering, but needs greater demand Read More »
Following a robust increase in August 2020, the Absa Purchasing Managers’ Index (PMI) ticked up further to 58.3 index points in September. The shift to a lower lockdown level mid-month likely drove the further improvement in business conditions in the local manufacturing sector. However, the Bureau for Economic Research (BER) cautioned that the fact that
PMI climbing, but manufacturing levels still below pre-pandemic levels Read More »
The Absa Purchasing Managers’ Index (PMI) for July 2020 declined slightly compared with June, but continued to signal a further month-on-month improvement for conditions in the manufacturing sector. The PMI declined to 51.2 index points in July, from 53.9 in June, thereby staying above the neutral 50-point mark for a third consecutive month. This suggests
July PMI drops from June, but still points to improved manufacturing activity Read More »
The Absa Purchasing Managers’ Index (PMI) for June 2020 showed that conditions continued to improve in the South African manufacturing sector. This is after most of the sector came to a near standstill during the nationwide Level 5 lockdown in April 2020 and only partially returned to normal production levels in May 2020. The headline
PMI: activity continues to improve as lockdown easing lifts production levels Read More »
The Purchasing Managers’ Index (PMI) edged lower in December 2019 to 47.1 index points, down from 47.7 points recorded in November 2019. The December figure is about 1 point below the average recorded throughout 2019. The PMI paints a bleak picture of the manufacturing sector’s performance in 2019 as the headline PMI managed to edge
PMI paints a bleak picture of the manufacturing sector’s 2019 performance Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) ticked down to 47.7 index points in November from 48.1 in October. The decline was broad-based as four of the five subcomponents of the headline PMI nudged down compared with the previous month. Despite the decline, the average level of the PMI in October and November is
November PMI loses some of October’s gains Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) rose to 48.1 index points in October 2019, up from 45.1 index points in September 2019. The October level was slightly higher than the average of 47.3 recorded during Quarter 3 and in line with the average of 48.3 points recorded during the first nine months of 2019.
October PMI up, but demand and output on the decline Read More »
