The seasonally adjusted Absa Purchasing Managers’ Index (PMI) improved somewhat in August, rising by 2.4 points to 49.7, i.e., to just below the key 50-point mark. The increase in the headline PMI was driven by the business activity index, which jumped by almost 12 points to 50. This follows a large decline of almost 11 […]
Absa Purchasing Managers’ Index August 2023 Read More »
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
Absa Purchasing Managers’ Index (PMI) July 2023 Read More »
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
Absa Purchasing Managers’ Index (PMI) June 2023 Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged down to 49.2 in May 2023 from 49.8 in April. The headline index has now signalled a deterioration in business conditions for four consecutive months. In addition to the downbeat assessment of the current environment, respondents turned notably more negative about business conditions going forward. The index tracking expected
Absa Purchasing Managers’ Index (PMI) May 2023 Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 49.8 index points in April 2023 from 48.1 in March. Despite the improvement, the index failed to edge back above the neutral 50-point mark as business activity and new sales orders worsened relative to March. Indeed, the headline PMI would have deteriorated further if not
Absa Purchasing Managers’ Index (PMI) April 2023 Read More »
Localisation and the development of small, medium and micro enterprises (SMMEs) are key to the growth of African economies, including South Africa’s. President Cyril Ramaphosa has said that the country’s post-COVID economic reconstruction plan includes a big localisation of suppliers drive. However, simply pushing local procurement targets and funding SMMEs is not enough, says Debbie
New ESD approach will drive localisation success Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 52.2 index points in June from 54.8 in May. However, the headline PMI masks a worrying deterioration in demand and activity during the month. The business activity index signalled a contraction in output for a third consecutive month. Indeed, the average level for the second
Absa Purchasing Managers’ Index (PMI) June 2022 Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose by 4.1 index points to reach 54.8 in May 2022. A month-on-month rebound was expected after the PMI lost more than 9 points the previous month as devastating flooding in KwaZulu-Natal and intense load-shedding hurt output and demand in April. However, the index did not recover
Purchasing Managers’ Index (PMI) May 2022 Read More »
South Africa’s population is one of the youngest in the world, with an average age of 24.9 years. That is a lot of potential young entrepreneurs who could start companies, create jobs and positively impact the economy — if the right training, knowledge-sharing and example is impressed upon them, says KeaObaka Mahuma, Head of Enterprise
Absa and Supply Chain Network bridging the gap between big business and SMEs Read More »
Suppliers met with decision makers, black-owned and black-woman-owned businesses at the Barclays Africa inaugural Supplier Diversity Day hosted by Barclays Africa Sourcing and Enterprise Development in April 2015. The Supplier Diversity Day aimed to showcase diverse small and medium sized suppliers with potential to participate in sourcing opportunities over the next 6 to 12
Business-ready suppliers showcased at ABSA’s ED event Read More »
