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 »
The seasonally-adjusted Purchasing Managers’ Index (PMI) declined to 46.2 index points in February 2019, down from 49.9 in January. “Despite the decline, the average recorded during the first two months of Quarter 1 of 2019 is slightly above the average seen in Quarter 4 of 2018”, noted the Bureau for Economic Research (BER) in its
February 2019 PMI down Read More »
The seasonally-adjusted Purchasing Managers’ Index (PMI) edged lower to 49.9 index points in January 2019, down from 50.7 in December 2018. Despite the decline, the index remains 2 points above the average recorded in 2018, which suggests that manufacturing started the year on fairly solid footing. The performance of the PMI’s sub-components was more mixed,
January PMI points to solid start to 2019 Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) ended 2018 on a positive note, reaching its best level of the year. The PMI rose from 49.5 in November to 50.7 in December, which is just above the neutral 50-point mark and signals growth in the sector. The headline PMI was well supported by three of the
PMI ends 2018 with its best performance Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 49.5 index points in November from 42.4 in October. This was the PMI’s first increase after three straight months of declines and brought the index to the best level since July 2018. The improvement was broad-based with four out of the five main subcomponents rising
November PMI shakes off 3-straight-month decline Read More »
The Purchasing Managers’ Index (PMI) remained virtually unchanged at a weak level of 43.2 points in September 2018. “The latest figure dashes any hope that the sharp PMI decline in August was a once-off occurrence”, said the Bureau for Economic Research (BER) in its monthly PMI report. The average level of the PMI in Q3
Unchanged PMI dashes hopes that August decline was temporary Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) declined to 43.4 points in August from 51.5 points recorded in July. August’s level is the lowest recorded in more than a year. Overall, the average level of the PMI recorded during the first two months of Q3 of 2018 was 47.5, which is below the neutral 50-point
Sharp fall in PMI possibly reflects bleak sentiments around land debate Read More »
