South Africa’s seasonally adjusted PMI index declined to its most depressed level since August 2009. The November index decreased sharply to 43.1 from 48.1 in October. The PMI movement suggests weak economic growth in Q4. The average headline PMI for the first two months of Q4 is 4.4 index points below the third-quarter level. […]
PMI hits 6-year low – manufacturing staring down a struggle Read More »
The seasonally adjusted Barclays Purchasing Managers’ Index (PMI) declined further below the neutral 50-point mark and fell to 48.1 in October from 49.9 index points in september1. The headline index remained stuck below 50 for a third straight month. This suggests that the manufacturing sector is struggling to gain traction in the face of
Procurement Survey suggests that output growth is stuck Read More »
The seasonally adjusted Barclays Purchasing Managers’ Index (PMI) remained virtually unchanged at 49 index points in September 2015, marginally up from 48.9 in August. The average for the third quarter is 49.8 index points, slightly better than the 49.2 recorded in the second quarter, but still below the neutral 50-point mark. While the headline
Q3 PMI up by 0.6 compared with Q2 Read More »
The Purchasing Managers’ Index (PMI) fell by 2.5 index points to 48.9 in August 2015. The dip below the neutral 50-point mark suggests that actual manufacturing production may have contracted in August, said the Bureau for Economic Research. The average PMI for the first two months of Q3 2015 is only just above
August PMI dips after all but one of the sub-indices deteriorate Read More »
The flat reading follows a strong gain (albeit from very depressed levels) in May and a further rise in June. “The PMI price index declined by 2.1 points to 75. The easing in cost pressures may already reflect the effects of lower commodity prices, including the renewed decline in the Brent crude oil price.
PMI remained unchanged at 51.4 index points in July Read More »
The SA Purchasing Managers’ Index (PMI) ticked up by 0.6 index points to reach 51.4 in June 2015. The increase brings the average for Q2 to 49.2 index points, slightly below the average of 49.9 recorded in Q1. This suggests that the manufacturing sector remained under pressure and that a solid recovery in quarterly
June PMI ticked up, but solid manufacturing growth remains unlikely Read More »
The SA Purchasing Managers’ Index (PMI) recovered from an 11-month low in April to reach 50.8 index points in May. The 5.4 index-point increase brought the index back above the neutral 50-point mark, albeit only slightly. The biggest driver of the increase in the headline PMI was the solid recovery in the new sales
May PMI recovers above 50-point mark Read More »
The Kagiso purchasing managers index (PMI), which gauges activity in manufacturing, fell to 45.4 in April from 47.9 in March. A below-50 reading suggests activity is contracting. The index has been below 50 for three consecutive months. Weak manufacturing output does not bode well for economic growth. The fall in the PMI was mainly
SA’s manufacturing activity deteriorates to four-year lows Read More »
The purchasing managers index (PMI), which measures activity in SA’s manufacturing sector, improved marginally in March, but remained at levels that suggest output was weak and that SA’s manufacturing sector is struggling to gain momentum. The index rose to 47.9 in March from 47.6 in February. A below-50 reading suggests manufacturing activity is contracting.
Manufacturing sector struggles to gain momentum as load shedding bites Read More »
Activity in the manufacturing sector contracted in February for the first time in four months as business activity plummeted, signalling a sector “taking strain”, said Abdul Davids, head of research at Kagiso Asset Management. The Kagiso purchasing managers index (PMI), which gauges activity in manufacturing, fell by a steeper than expected 6.6 index points
Magnitude of February PMI decline unexpected Read More »
