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) 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 …
PMI continues its decline to 2009 financial-crisis levels Read More »
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) ticked down to 47.7 index points in November from 48.1 in October. The decline was broad-based as four of the five subcomponents of the headline PMI nudged down compared with the previous month. Despite the decline, the average level of the PMI in October and November is …
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 »
South Africa’s Purchasing Managers’ Index (PMI) increased to 47.1 index points in February 2016, up from 43.5 in January. The highest level since October 2015, the index is now above the average recorded in 2015’s fourth quarter (Q4) of 45.6 index points.
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 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 »
