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 »
By Bertrand Maltaverne If there is one topic in business literature that has been covered exhaustively, it is key performance indicators (KPIs). But if you’re not careful, the indicators you set might inadvertently encourage behaviours that can be dramatically damaging… Case in point: in 19th-century India, the city of Delhi had a snake problem. A
What is the cure to the side effects of KPIs? Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 41.6 index points in September, down from 45.7 in August. This was the second consecutive large fall in the PMI and brought the index more than 10 points below a recent high of 52.1 points reached in July 2019. At the time, the Bureau for
SA PMI heads south along with our trading partners Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) declined to 45.7 index points in August 2019, down from 52.1 in July 2019. While the magnitude of the decline may have been larger than anticipated, a fall in the PMI in August was not unexpected. This followed on July’s surprisingly solid reading despite the weak domestic demand
August PMI decline larger than anticipated Read More »
By Matodzi Ratshimbilani President Cyril Ramaphosa and the Minister of Finance have, on several occasions in the recent past, informed South Africa that mega state-owned enterprises (SOEs) will soon be under the helm of chief restructuring officers (CROs), of whom a lot is expected to turn around the fortunes of beleaguered SOEs. On 30 July
The unenviable task of the Chief Restructuring Officer (CRO) Read More »
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
PMI and its sub-components improved in July but sustainability is in question Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) rose to 46.2 index points in June 2019, up from 45.4 in May 2019. “The average level for Quarter 2 of 2019 was 46.3 points, below the level recorded in Quarter 1 of 2019”, said the Bureau for Economic Research (BER) in a statement. In contrast, available official
June PMI up, but weak demand limits recovery potential Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) erased most of last month’s gains as it fell to 45.4 index points in May 2019, down from 47.2 index points in April 2019. Barring a drop to 45 index points in March 2019, this is the weakest level since October 2018. The decline brought the average PMI
PMI paints poor picture for manufacturing activity recovery Read More »
The seasonally-adjusted Purchasing Managers’ Index (PMI) rose by 2.2 points to reach 47.2 index points in April. This was the first increase after three months of decline. Remaining below the neutral 50-point mark, the PMI is more or less in line with the average recorded in Quarter 1 of 2019. “This means that factory conditions
PMI indicates manufacturing stabilised in April, but at a depressed level Read More »
The seasonally-adjusted Purchasing Managers’ Index (PMI) continued downwards to 45 points exactly in March 2019, from 46.2 in February. This was the third consecutive month of decline. As was the case in February, two of the PMI’s major sub-components came in above the 50-point mark, while three were stuck in negative terrain. “However, all but
March PMI continues downward trend Read More »
