Absa Purchasing Managers’ Index December 2021 Published by the Bureau for Economic Research, University of Stellenbosch The seasonally adjusted Absa Purchasing Managers’ Index (PMI) lost some momentum in December 2021 but remained in expansionary territory. The headline index declined by 3.1 points to 54.1. Excluding inventories, all the major subcomponents of the PMI were lower […]
December Purchasing Manager Index (PMI) Read More »
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 »
Following three consecutive months of improvement, the seasonally-adjusted Absa Purchasing Managers’ Index (PMI) declined slightly to 56.2 index points in April 2021, from 57.4 in March. Despite the modest pullback, the index is now about 2.5 points above the average recorded in Quarter 1 of 2021 and about 26 points above the April 2020 reading
PMI slightly down after 3-month improvement: remains above Quarter 1 average Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) increased to 53 index points in February 2021 from 50.9 in the previous month. The further increase (January 2021 was 0.6 points up from December 2020) was supported by three of the five sub-components gaining relative to January. Only the Employment Index moved lower, while the Supplier Deliveries
February PMI builds on January’s increase 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 »
