The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) rose to 51.5 index points in July, up from 47.9 in June. The current level is comfortably above the neutral 50-point mark and is supported by four out of five key sub-components being in positive terrain. “This suggests that the manufacturing sector got off to a good start […]
July PMI reaches 51.5 − manufacturing “off to a good start” in Q3 Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) fell further below the neutral 50-point mark in June. The index lost 1.9 points to reach 47.9, down from May’s 49.8 points. The dip means that the average level recorded during Q2 of 2018 is only 0.3 points above Q1 of 2018’s average and still below the key
June PMI falls further, dragged by sentiment around expected business conditions Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) dipped back to just below the neutral 50-point mark in May. The index declined to 49.8 index points, down from 50.9 in April. Despite the fall, the average level of 50.4 points recorded during the first two months of Q2, 2018, is not only above the neutral 50-point
PMI retreats, but Q2 averages higher than Q1 Read More »
The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) erased the losses sustained in March and edged back above the neutral 50-point mark in April. The index rose by 4 points to reach 50.9 index points in April. This is relatively in line with the level recorded in February and above the average recorded during the first
April PMI rises above Q1 average and exceeds 50-point mark Read More »
The seasonally adjusted Purchasing Managers’ Index (PMI) retreated below the neutral 50-point mark in March after encouraging improvements during the first two months of 2018. The index shed 3.9 points to reach a level of 46.9 in March, off of February’s 50.8 points. The key drivers behind the fall in the headline PMI were sharp
The Purchasing Manager’s Index (PMI) edged above the neutral 50-point mark for the first time since May 2017. The index rose to 50.8 index points in February, up from 49.9 in January. This means that the average for the first two months of 2018 is slightly above 50, which bodes well for the manufacturing sector.
Improved business activity pushes PMI above crucial 50-point mark Read More »
The Purchasing Managers’ Index (PMI) rose to 49.9 index points in January. This is the best reading since May 2017 and the 5-point rise counters the 3.7-point slump experienced in December 2017. The January PMI suggests that the local manufacturing sector began the year on relatively solid ground compared with recent readings, noted the Bureau
January PMI rebounds from December fall Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 48.6 index points in November 2017. This was the fourth consecutive increase and brought the index to its best level since May 2017. However, the PMI remained stuck below the neutral 50-point mark for a sixth straight month, suggesting that the sector still faces headwinds.
PMI sustains rally for 4th consecutive month Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) continued its upward trend in October 2017, rising by 2.9 points to reach 47.8. This was the third consecutive increase and brought the index to its best level since May 2017. Nonetheless, the PMI remained stuck below the neutral 50-point mark.
October sees 5 major PMI subcomponents increase Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose by 0.9 index points to 44.9 in September 2017. Despite the second straight improvement, the index remained well below the neutral 50-point mark for a fourth month. Encouragingly, the rise was supported by the key subcomponents, with four out of five increasing compared with August.
September PMI up, but still subdued Read More »
