The seasonally adjusted Absa Purchasing Managers’ Index (PMI) came in at 53.0 index points in January 2023 – virtually unchanged from 53.1 in December. A decline in the employment and new sales orders indices to levels below 50 were offset by higher activity and inventories returning to positive terrain. Most encouraging was the significant, and […]
Absa Purchasing Managers’ Index January 2023 Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose from 48.2 index points in September to 50 in October. This is slightly better than the average recorded during the previous quarter (49.6). However, the Transnet strike and faltering global demand likely hurt exports, while persistent load-shedding capped the recovery in activity and demand. However, as
Absa Purchasing Managers’ Index (PMI) October 2022 Read More »
Following a rebound in August, the seasonally adjusted Absa Purchasing Managers’ Index (PMI) once again declined in September. The index fell to 48.2, from 52.1 in August and averaged 49.3 points in Q3. More intense load-shedding during the month was likely to blame for the decline relative to August. Indeed, the business activity index plummeted
Absa Purchasing Managers’ Index (PMI) September 2022 Read More »
The further decline in the seasonally adjusted Absa Purchasing Managers’ Index (PMI) suggests that the manufacturing sector experienced a tough start to the third quarter following a weak second quarter. The headline index fell from 52.2 points in June to 47.6 in July . This is the first reading below the neutral 50-point threshold since
Absa Purchasing Managers’ Index (PMI) July 2022 Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) fell sharply to 50.7 index points in April 2022. This is the lowest level of the PMI since July 2021 when unprecedented looting and rioting shook local production and demand. As was the case then, the decline in the headline PMI was due to a sharp drop
Absa Purchasing Managers’ Index April 2022 Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased for a third consecutive month to reach 60.0 in March, up from 58.6 in February. The sustained improvement in the headline PMI bodes well for the continued recovery of the manufacturing sector after it was dealt a blow in the third quarter of last year. Indeed,
Absa Purchasing Managers’ Index March 2022 Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 48.6 index points in November 2017. This was the fourth consecutive increase and brought the index to its best level since May 2017. However, the PMI remained stuck below the neutral 50-point mark for a sixth straight month, suggesting that the sector still faces headwinds.
PMI sustains rally for 4th consecutive month Read More »
