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PMI sub-components tank: manufacturing during April lockdown at near standstill

March PMI improves, but quarterly performance weakest since 2009

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During Quarter 1 of 2020, the seasonally-adjusted Absa Purchasing Managers’ Index (PMI) experienced its weakest quarterly performance since 2009. The PMI averaged at 45.9 index points, compared with 47.6 in Quarter 4 of 2019. The weak quarterly outcome was despite the PMI improving to 48.1 index points in March 2020, from 44.3 index points in

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PMI continues its decline to 2009 financial-crisis levels

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The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) declined for a fourth consecutive month to reach 44.3 points in February 2020. The 0.9-point decline brought the index to its lowest level since the second half of 2009 when the economy started to recover from a deep recession triggered by the global financial crisis. “At four points

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PMI ushers in 2020 with a decline

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The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) started 2020 on the back foot and declined further in January. The PMI lost 1.9 points to reach 45.2 index points, the lowest level since September 2019. The performance of the five major sub-components was mixed, with two indices recovering somewhat from multi-year lows reached in the previous

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PMI paints a bleak picture of the manufacturing sector’s 2019 performance

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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

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November PMI loses some of October’s gains

October PMI up, but demand and output on the decline

SA PMI heads south along with our trading partners

August PMI decline larger than anticipated

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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

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PMI and its sub-components improved in July but sustainability is in question

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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 »

PMI

PMI sub-components tank: manufacturing during April lockdown at near standstill

March PMI improves, but quarterly performance weakest since 2009

PMI continues its decline to 2009 financial-crisis levels

PMI ushers in 2020 with a decline

PMI paints a bleak picture of the manufacturing sector’s 2019 performance

November PMI loses some of October’s gains

October PMI up, but demand and output on the decline

SA PMI heads south along with our trading partners

August PMI decline larger than anticipated

PMI and its sub-components improved in July but sustainability is in question

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